Cohen, Daniel; Valadier, Cécile - C.E.P.R. Discussion Papers - 2011
neither the serial defaulter nor the "global crisis" theories of sovereign crises explain much. Sovereign debt crises owe …The paper compiles a new data base, based on the earlier work by Kray and Nehu, to assess the determinants of sovereign … debt crises over the last forty years. A simple statistical analysis of the cause of the crises is performed. It shows that …