What stops governments from defaulting on loans or bonds held by foreigners?

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International Financial Management

ISBN: 978-0132162760

2nd edition

Authors: Geert Bekaert, Robert J. Hodrick

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Question Posted: May 28, 2012 03:08 AM

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What stops governments from defaulting on loans or bonds held by foreigners?

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Sovereign defaults are different from a company going bankrupt because it is very diffic...View the full answer

International Financial Management

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