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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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 20-2012)
Main Authors: Brandt, Jana, Jorra, Markus
Format: Work
Published: Philipps-Universität Marburg 2012
Online Access:PDF Full Text
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