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On the contribution of game theory to the study of sovereign debt and default

Rohan Pitchford and Mark L. J. Wright.

in Oxford Review of Economic Policy

January 2013; p ublished online December 2013 .

Journal Article. Subjects: Game Theory and Bargaining Theory; International Relations and International Political Economy; International Finance. 10584 words.

This paper reviews the lessons learned from the application of the tools of game theory to the theoretical study of sovereign debt and default. We focus on two main questions. First, we...