Construct · 1 fields · 1 citations

trade costs of sovereign default: a standalone construct

One name. One construct. A landmark on the map.

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International economics

the fall in bilateral trade between a defaulting country and its creditors after debt renegotiation, offered as a reason sovereigns repay.

In international economics, trade costs of sovereign default refers to the fall in bilateral trade between a defaulting country and its creditors after debt renegotiation, offered as a reason sovereigns repay. This meaning comes from Rose (2005) in Journal of Development Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

debt3 fields · 3 citationsjingle · one word, three carriers default3 fields · 3 citationsjingle · one word, three constructs development1 fields · 2 citationsanchor · a standalone construct

References

Rose, A. K. (2005). One reason countries pay their debts: renegotiation and international trade. Journal of Development Economics, 77(1), 189-206. https://doi.org/10.1016/j.jdeveco.2004.03.006

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