TY - JOUR A1 - Enderlein, Henrik A1 - Trebesch, Christoph A1 - von Daniels, Laura T1 - Sovereign Debt Disputes: A Database on Government Coerciveness During Debt Crises JF - Journal of International Money and Finance N2 - This paper measures “debt disputes” between governments and foreign private creditors in periods of sovereign debt crises. We construct an index of government coerciveness, consisting of 9 objective sub-indicators. Each of these sub-indicators captures unilateral government actions imposed on foreign banks and bondholders. The results provide the first systematic account of debt crises that goes beyond a binary categorization of default versus non-default. Overall, government behavior and rhetoric show a strong variability, ranging from highly confrontational to very smooth crisis resolution processes. In a preliminary analysis on the determinants of coercive behavior, we find political institutions to be significant, while economic and financial factors play a lesser role. These results open up an agenda for future research. KW - Sovereign default KW - Debt restructuring KW - Crisis resolution Y1 - 2012 U6 - https://doi.org/10.1016/j.jimonfin.2011.11.011 SN - 0261-5606 VL - 31 IS - 2 SP - 250 EP - 266 PB - Elsevier CY - Amsterdam ER -