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    • Sovereign debt default: Are countries trapped by their own default history? 

      Norambuena Fetis, Vivian (Universidad de Chile, Facultad de Economía y Negocios, 2015-12)
      Why are sovereign debt defaults so persistent in some EMEs, even at relatively low levels of external debt? The empirical literature has argued that the country s record of defaults is the main determinant of the future ...