MARC details
| 000 -LEADER |
|---|
| fixed length control field |
01963nam a22002297a 4500 |
| 001 - CONTROL NUMBER |
|---|
| control field |
47872 |
| 003 - CONTROL NUMBER IDENTIFIER |
|---|
| control field |
OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
|---|
| control field |
20250108162213.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
250108b |||||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
YASEEN Ghulam |
| Relator term |
Author |
| 245 ## - TITLE STATEMENT |
|---|
| Title |
Does Increase in Defence Spending Lead to More Risk of Sovereign Debt Defaults?/ |
| Statement of responsibility, etc. |
Yaseen Ghulam, Benedict Saunby |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
|---|
| Date of publication, distribution, etc. |
2024 |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc. |
The objective of this study was to identify the determinants of sovereign debt default for a panel of twenty developing nations over the period 1970 to 2019, specifically focusing on the influence of defence/military spending. This study’s findings indicate that increased military spending has generally reduced default risk in the examined countries, but that excessive military spending, past a certain threshold, can have strong detrimental impacts on the probability of sovereign debt default. Additionally, the findings show that the country’s levels of democracy and foreign currency reserves level are both negatively linked to debt default risk, whereas default history, level of external debt, and short-term debt to reserves ratio are all significantly positively linked to higher default risk. The study suggests that certain countries may wish to evaluate their level of military spending to ensure it is not too high. Alternatively, countries may lower their accrual of external debt from military spending by focusing on domestic arms production, mitigating their risk that way. |
| 598 ## - BULLETIN HEADING |
|---|
| Bulletin Heading |
DEFENCE SPENDING, DEFAULT RISK, SOVEREIGN DEBT, POLITICAL FACTORS, DETERMINANTS,NEWARTICLS |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
DEFENCE SPENDING |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
RISK |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
SOVEREIGN DEBT |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
SAUNBY Benedict |
| 773 ## - HOST ITEM ENTRY |
|---|
| Related parts |
Does Increase in Defence Spending Lead to More Risk of Sovereign Debt Defaults?, Volume 35, Number 7, November 2024, Page 846-864 |
| 856 ## - ELECTRONIC LOCATION AND ACCESS |
|---|
| Uniform Resource Identifier |
<a href="https://doi.org/10.1080/10242694.2023.2188386">https://doi.org/10.1080/10242694.2023.2188386</a> |
| Public note |
Click here for full text |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Source of classification or shelving scheme |
Dewey Decimal Classification |
| Koha item type |
Journal Article |
| Suppress in OPAC |
No |
