Why Do Some Countries Default More Often Than Others? The Role of Institutions
This paper examines how a country's weak institutions and polarized government can affect the likelihood of its default on sovereign debt. Using a data set of 90 countries, it shows that strong institutions are associated with fewer sovereign...
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Format: | Policy Research Working Paper |
Language: | English |
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2012
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Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20120312132447 http://hdl.handle.net/10986/3282 |