Sovereign debt defaults decline, but at what cost to developing nations?
Developing nations used to default on their debts before 1982, but now they rarely do. This article explores why this change occurred and whether it benefits the debtors.
Sovereign governments frequently default, accumulating debt and amplifying crises.
Countries default together to pay less debt, impacting global financial markets.
Institutions, Policies, and Debt Levels Key Predictors of Sovereign Defaults