Burdekin, Richard C. K.; Sweeney, Richard J. - In: The journal of European economic history 50 (2021) 2, pp. 9-56
An examination of sovereign defaults over the long term, from 1294 to 2008, shows that serial defaults are far rarer than the much-ballyhooed experience of the 1980s suggests. the only mass default in Europe since 1294 took place in the early nineteenth century during the Napoleonic Wars. The...
