"We study an economy in which policymakers of different types (patient vs. impatient) alternate in power. Our framework builds on the model used in recent quantitative studies of sovereign default. We show that a default episode may be triggered by a change in the type in office, from a patient...

We extend the model used in recent quantitative studies of sovereign default, allowing policymakers of different types to alternate in power. We show that a default episode may be triggered by a change in the type of policymaker in office, and that such a default is likely to occur only if there...

Chad has emerged as an important counter-terrorism partner in the Lake Chad Basin and the broader Sahel-Sahara region due to its recent political stability and military contribution to security efforts in these troubled zones. However, a closer look at developments in domestic politics, notably...