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...
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| Published in: | MAGKS - Joint Discussion Paper Series in Economics (Band 20-2012) |
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| Main Authors: | , |
| Format: | Work |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | PDF Full Text |
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