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....

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής

Τόπος έκδοσης:	Philippine Review of Economics Vol. LVI, no. 1 & 2 (Jun. 2019 - Dec. 2019), 236-256
Κύριος συγγραφέας:	Molato-Gayares, Rhea M.
Resource Type:	Άρθρο
Γλώσσα:	English
Έκδοση:	2019
Θέματα:	Public debts Secession Federations