This study explores the drivers of secondary market yields of Sub-Saharan African (SSA) sovereign Eurobonds from 2008 to mid-2017. Our results indicate that, beyond global 'push' factors, country-specific 'pull' factors such as inflation and GDP growth matter too for SSA Eurobond performance. A...

This article systematically reviews recent debt-for-development swaps in Indonesia, the only debtor country where the number of such swaps warrants their being considered as a deliberate government debt-relief policy and development finance strategy. We show that the 11 swaps Indonesia has...

Developing countries have recently proved reluctant to participate in sovereign debt moratoria and debt relief initiatives. We argue that debtors' (non-)participation decisions can be understood through the lens of real options. Eligible countries compare the net benefits of participating in a...

We study how 22 donors allocate their bilateral aid among 147 recipient countries over the 1970- 2004 period to investigate whether changes in the international aid architecture?at the international and country level?have led to changes in behavior. We find that after the fall of the Berlin...

This paper deals with the outlook for the interrelated issues of global economic governance and the efficacy of development policies. These are relevant issues in view of the post-2015 Millennium Development Goals (MDGs). My main point is that the formulation of the post-2015 MDGs will have to...

During the 1960s and 1970s, many African states chose a means of infrastructure development that was focused largely on the public sector. However, the debt crisis, the substandard performance of public enterprises and poor governance caused many of them to experience socio-economic failure....

A scholarly consensus exists regarding the fact that electoral processes can facilitate democratisation but can equally be the source of instability and/or advance authoritarian rule. Generally, these processes are analyzed by focussing on macro-political institutions and actors. This paper,...