According to the IMF, the current public debt makes up nearly 40 percent of the global debt, marking the highest share since the mid-1960s. Despite the vast research on alarming levels of sovereign default, the literature remains inconclusive. This paper investigates macroeconomic, financial,...

This article examines whether International Monetary Fund (IMF) programs can influence a country's perceived creditworthiness in international financial markets. More specifically, it explores whether the IMF's impact is greater in countries governed by a left-of-center party, in which the...