Home  Journals  Finance and Credit  39(423) - 2010 October

Sovereign default

Available online: 15 October 2010

Subject Heading: THEORY OF CRISYS

JEL Classification: 

Public debt volumes were sharply increased amid many countries government’s activities aimed to save national economies during current financial crisis. Sovereign default risks in a wide range of different countries are quite high. In this article an attempt of theoretical analysis of sovereign default is undertaken. Sovereign default was analyzed from the point of view of “inability” and of “instability” of a state to fulfill its obligations. Sovereign defaults data during 20 century were used.

Keywords: default, restructuring, public debt, bonds

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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