Public debt and the threat of secession

This paper establishes a model of public debt as a strategic instrument in preventing secession. Using a dynamic game with perfect information, it shows that debt can be used to pre-empt a country’s separation if the seceding region’s potential gain from independence is strictly decreasing in debt....

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Bibliographic Details

Published in:	Philippine Review of Economics Vol. LVI, no. 1 & 2 (Jun. 2019 - Dec. 2019), 236-256
Main Author:	Molato-Gayares, Rhea M.
Resource Type:	Article
Language:	English
Published:	2019
Subjects:	Public debts Secession Federations