“Why Not Default? The Political Economy of Sovereign Debt” by Jerome Roos

In Why Not Default? The Political Economy of Sovereign Debt, Jerome Roos explores why sovereign defaults have been an undesirable last option by systemically unpacking the structural characteristics of the contemporary debt market. This is a fresh and painstakingly researched approach that raises vital questions for economists, political scientists and policymakers to address in the era of relatively low cost, yet mounting, sovereign debt, writes Aleksandr V. Gevorkyan.

Aleksandr V. Gevorkyan Associate Professor and Henry George Chair in Economics at the Peter J. Tobin College of Business, St. John’s University. He is the author of Transition Economies: Transformation, Development, and Society in Eastern Europe and the Former Soviet Union (Routledge, 2018).

Cross-posted from LSE-EUROPP

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