Sovereign Debt: Notes on Debtor Incentives to Repay Debt

Spiegel, Shari

This paper discusses the assertion that debtors always want to repay their debts -- because the cost of not doing so is extremely high; when in fact there is little evidence behind this assertion.


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Initiative for Policy Dialogue
Initiative for Policy Dialogue
Initiative for Policy Dialogue Working Paper Series
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February 3, 2010


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