The Nagging Problem of State Insolvency
Articles from Politique Etrangère
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Accroche
Historically, states have indebted themselves to finance military campaigns. They do so nowadays for other reasons such as financing productive investment.
Corps analyses
The state is not a debtor like any other: in the instance of payment default, their creditors may have great difficulty recovering funds. The measure of sovereign risk is therefore a crucial issue with necessitates political, economic and financial expertise.
Article published in Politique étrangère, Vol. 79, No. 2, Summer 2014
This paper is published in French only: Le lancinant problème de l’insolvabilité des Etats
