The impact of bailouts on political turnover and sovereign default risk

DOI10.1016/J.JEDC.2020.104065zbMath1475.91391OpenAlexW2902566943MaRDI QIDQ2246703

Almuth Scholl, Timm M. Prein

Publication date: 16 November 2021

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://nbn-resolving.de/urn:nbn:de:bsz:352-2-a7r6dijmskwc3

zbMATH Keywords

conditionalitybailoutsausteritysovereign default riskpolitical turnover

Mathematics Subject Classification ID

History, political science (91F10) Financial networks (including contagion, systemic risk, regulation) (91G45)

Cites Work

• Fiscal austerity during debt crises
• Sovereign borrowing, financial assistance, and debt repudiation
• Welfare gains of bailouts in a sovereign default model
• Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt
• Policy Inertia, Election Uncertainty, and Incumbency Disadvantage of Political Parties
• A Positive Theory of Fiscal Deficits and Government Debt

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