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D4 - Sovereign Debt Crisis Management
Sovereign Debt and Crisis Management in Areas of Limited Statehood: Bargaining vs. Creditor Litigation
This project focuses on legal conflicts between sovereign states and private creditors in the context of debt crises and debt relief initiatives in developing countries. Part one analyzes the determinants of creditor litigation, in particular whether “weak states” are more likely to be sued by foreign banks or investors. Part two then investigates the consequences of such legal action by creditors, specifically how litigation constrains governments in providing public goods in a crisis context.
