Politics of Sovereign Debt and International Finance

Session Submission Type: Full Paper Panel

Session Description

This panel considers the contemporary politics of sovereign debt and international finance, examining relationships between citizens, governments, domestic and international institutions, and diverse creditors in an era of deeper financial globalization, greater heterogeneity of creditors, and greater vulnerability to crisis. Papers on the panel address foundational questions about the role of international financial markets as constraints on governments and sources of information; governments’ strategic bargaining with creditors and reputation in international markets; and the impact of domestic legal institutions and global governance arrangements in shaping the relationship between states and global markets. The papers use diverse sources of data to address these questions, ranging from individual survey responses to cross-national data on debt restructurings and borrowing costs, through to secondary market data and court rulings on sovereign defaults.

Sub Unit

• Division 16: International Political Economy

Chair

• Christina J. Schneider University of California, San Diego

Discussants

• Christina J. Schneider University of California, San Diego

• Sebastian M. Saiegh University of California, San Diego

Individual Presentations

• Mass Attitudes and Financial Markets: Evidence from the 2022 Brazilian Election - Sarah M. Brooks, Ohio State University; Raphael Cunha, King's College London; Layna Mosley, Princeton University

• The Enemy of My Banker Is My Friend? - Cameron Ballard-Rosa, University of North Carolina, Chapel Hill; Layna Mosley, Princeton University; B. Peter Rosendorff, New York University

• Crises and Consequences: The Role of US Support in International Bond Markets - Lauren Elizabeth Ferry, University of Mississippi; Patrick E. Shea, University of Glasgow

• Clearinghouse for Information: Market Implications of US Judicial Decisions - Monica Widmann, Seton Hall University

• Informal Global Financial Governance and Sovereign Debt - Alexandra Olivia Zeitz, Concordia University