Aid Withdrawal as Punishment for Defaulting Sovereigns? An Empirical Analysis

This paper empirically investigates whether donor countries punish sovereign defaults by reducing foreign aid ows. Our findings reject the hypothesis formulated in the theoretical literature that a default leads to a loss of foreign aid for the defaulting country. Creditor countries directly aff...

Full description

Saved in:
Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 20-2012)
Main Authors: Brandt, Jana, Jorra, Markus
Format: Work
Language:English
Published: Philipps-Universität Marburg 2012
Subjects:
Online Access:PDF Full Text
Tags: Add Tag
No Tags, Be the first to tag this record!