Sovereign debt defaults: insights from history
从历史视角详细梳理主权债务违约案例，探讨过去与当前应对危机的方案，并强调历史数据对理解危机解决过程的作用。
History provides many insights to address the issue of sovereign debt defaults. This article first presents a detailed account of defaults in historical perspective. It then discusses the solutions devised in the past to address sovereign debt crises and puts these into perspective with today’s answers when crises occur. Finally, the paper stresses the role of history when the events studied do not occur frequently and when archival data may shed new light on the process of the resolution of crises. The impact of odious debts declarations, of state succession, and of international relations on sovereign defaults and on their settlement is thus also addressed. Copyright 2013, Oxford University Press.