Economics, Econometrics and Finance
4 years ago

Public debt can prevent secession and preserve national unity, study finds.

The Philippine Review of Economics
Public debt and the threat of secession
Rhea Molato-Gayeres

Paper Summary

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The article shows that a country can use debt to stop a region from breaking away. By having high debt levels, the region sees it's better to stay in the country than to leave. The study also finds that the main region can use debt to keep the country together if it's better off with debt than as a separate state.