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We analyze how secession movements unfold and the interdependence of regions' decisions to secede. We first model and … then empirically examine how secessions can occur sequentially because the costs of secession decrease with the number of … these "domino secessions" using the canonical case of the secession of southern U.S. states in the 1860s. We establish that …
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The increased access of African countries to international capital markets has put public debt sustainability once again high on the continentś policy agenda. Utilizing the "stabilizing primary balance" approach, we find that the primary balances exceeded those required to keep public debt at...
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