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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Publicado no: | MAGKS - Joint Discussion Paper Series in Economics (Band 20-2012) |
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Autoren: | , |
Formato: | Arbeit |
Idioma: | inglês |
Publicado em: |
Philipps-Universität Marburg
2012
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Assuntos: | |
Acesso em linha: | Texto integral em PDF |
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