{"id":"https://openalex.org/W3122230342","doi":"https://doi.org/10.1086/688441","title":"The Political Economy of Sovereign Debt: Global Finance and Electoral Cycles","display_name":"The Political Economy of Sovereign Debt: Global Finance and Electoral Cycles","publication_year":2016,"publication_date":"2016-12-20","ids":{"openalex":"https://openalex.org/W3122230342","doi":"https://doi.org/10.1086/688441","mag":"3122230342"},"language":"en","primary_location":{"id":"doi:10.1086/688441","doi":"https://doi.org/10.1086/688441","is_oa":false,"landing_page_url":"https://doi.org/10.1086/688441","pdf_url":null,"source":{"id":"https://openalex.org/S95650557","display_name":"The Journal of Politics","issn_l":"0022-3816","issn":["0022-3816","1468-2508"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315672","host_organization_name":"University of Chicago Press","host_organization_lineage":["https://openalex.org/P4310315672","https://openalex.org/P4310315690"],"host_organization_lineage_names":["University of Chicago Press","University of Chicago"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Politics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://www.gwu.edu/~iiep/assets/docs/papers/2015WP/KaplanIIEPWP20151.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5052511011","display_name":"Stephen B. Kaplan","orcid":"https://orcid.org/0000-0003-4405-7191","observed_orcids":["https://orcid.org/0000-0003-4405-7191"]},"institutions":[{"id":"https://openalex.org/I193531525","display_name":"George Washington University","ror":"https://ror.org/00y4zzh67","country_code":"US","type":"education","lineage":["https://openalex.org/I193531525"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Stephen B. Kaplan","raw_affiliation_strings":["George Washington University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"George Washington University","institution_ids":["https://openalex.org/I193531525"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5063708474","display_name":"Kaj Thomsson","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I34352273","display_name":"Maastricht University","ror":"https://ror.org/02jz4aj89","country_code":"NL","type":"education","lineage":["https://openalex.org/I34352273"]}],"countries":["NL"],"is_corresponding":false,"raw_author_name":"Kaj Thomsson","raw_affiliation_strings":["Maastricht University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Maastricht University","institution_ids":["https://openalex.org/I34352273"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5052511011"],"corresponding_institution_ids":["https://openalex.org/I193531525"],"apc_list":null,"apc_paid":null,"fwci":6.4756,"has_fulltext":true,"cited_by_count":63,"citation_normalized_percentile":{"value":0.96401689,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":99},"biblio":{"volume":"79","issue":"2","first_page":"605","last_page":"623"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.000699999975040555,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12225","display_name":"Political Influence and Corporate Strategies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/public-debt","display_name":"public debt","score":0.8880000114440918},{"id":"https://openalex.org/keywords/political-business-cycle","display_name":"political business cycle","score":0.9929999709129333},{"id":"https://openalex.org/keywords/electoral-cycles","display_name":"electoral cycles","score":0.7710000276565552},{"id":"https://openalex.org/keywords/fiscal-decentralization","display_name":"fiscal decentralization","score":0.6019999980926514},{"id":"https://openalex.org/keywords/international-bond-markets","display_name":"international bond markets","score":0.7689999938011169},{"id":"https://openalex.org/keywords/bank-lending","display_name":"bank lending","score":0.7580000162124634},{"id":"https://openalex.org/keywords/fiscal-discipline","display_name":"fiscal discipline","score":0.8880000114440918},{"id":"https://openalex.org/keywords/austerity","display_name":"austerity","score":0.9670000076293945},{"id":"https://openalex.org/keywords/budget-deficit","display_name":"budget deficit","score":0.6600000262260437},{"id":"https://openalex.org/keywords/policy-autonomy","display_name":"policy autonomy","score":0.6679999828338623},{"id":"https://openalex.org/keywords/latin-america","display_name":"Latin America","score":0.8320000171661377}],"concepts":[{"id":"https://openalex.org/C69828861","wikidata":"https://www.wikidata.org/wiki/Q2814650","display_name":"Austerity","level":3,"score":0.5878404974937439},{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.5380847454071045},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5104967355728149},{"id":"https://openalex.org/C158886217","wikidata":"https://www.wikidata.org/wiki/Q16799549","display_name":"Latin Americans","level":2,"score":0.5046705007553101},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.48967245221138},{"id":"https://openalex.org/C159091798","wikidata":"https://www.wikidata.org/wiki/Q157165","display_name":"Creditor","level":3,"score":0.4592445194721222},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.4494582414627075},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.4446139931678772},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.36939796805381775},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3503553867340088},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3199504315853119},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.2717532515525818},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1086/688441","doi":"https://doi.org/10.1086/688441","is_oa":false,"landing_page_url":"https://doi.org/10.1086/688441","pdf_url":null,"source":{"id":"https://openalex.org/S95650557","display_name":"The Journal of Politics","issn_l":"0022-3816","issn":["0022-3816","1468-2508"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315672","host_organization_name":"University of Chicago Press","host_organization_lineage":["https://openalex.org/P4310315672","https://openalex.org/P4310315690"],"host_organization_lineage_names":["University of Chicago Press","University of Chicago"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Politics","raw_type":"journal-article"},{"id":"pmh:oai:cris.maastrichtuniversity.nl:openaire_cris_publications/7cef090c-97aa-4754-839e-387d1a602bf6","doi":null,"is_oa":false,"landing_page_url":"https://cris.maastrichtuniversity.nl/en/publications/7cef090c-97aa-4754-839e-387d1a602bf6","pdf_url":null,"source":{"id":"https://openalex.org/S4306402616","display_name":"Research Publications (Maastricht University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I34352273","host_organization_name":"Maastricht University","host_organization_lineage":["https://openalex.org/I34352273"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Kaplan, S B & Thomsson, K 2017, 'The Political Economy of Sovereign Debt: Global Finance and Electoral Cycles', Journal of Politics, vol. 79, no. 2, pp. 605-623. https://doi.org/10.1086/688441","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:gwi:wpaper:2015-1","doi":null,"is_oa":true,"landing_page_url":"http://www.gwu.edu/~iiep/assets/docs/papers/2015WP/KaplanIIEPWP20151.pdf","pdf_url":"http://www.gwu.edu/~iiep/assets/docs/papers/2015WP/KaplanIIEPWP20151.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:3122230342","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:gwi:wpaper:2015-1","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:um:oai:cris.maastrichtuniversity.nl:publications/7cef090c-97aa-4754-839e-387d1a602bf6","doi":null,"is_oa":false,"landing_page_url":"https://cris.maastrichtuniversity.nl/en/publications/7cef090c-97aa-4754-839e-387d1a602bf6","pdf_url":null,"source":{"id":"https://openalex.org/S4306402616","display_name":"Research Publications (Maastricht University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I34352273","host_organization_name":"Maastricht University","host_organization_lineage":["https://openalex.org/I34352273"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Journal of Politics, 79(2), 605 - 623. University of Chicago Press","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"pmh:oai:RePEc:gwi:wpaper:2015-1","doi":null,"is_oa":true,"landing_page_url":"http://www.gwu.edu/~iiep/assets/docs/papers/2015WP/KaplanIIEPWP20151.pdf","pdf_url":"http://www.gwu.edu/~iiep/assets/docs/papers/2015WP/KaplanIIEPWP20151.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"sustainable_development_goals":[{"display_name":"Peace, justice, and strong institutions","score":0.833299994468689,"id":"https://metadata.un.org/sdg/16"}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320308380","display_name":"Yale University","ror":"https://ror.org/03v76x132"},{"id":"https://openalex.org/F4320309292","display_name":"Princeton University","ror":"https://ror.org/00hx57361"},{"id":"https://openalex.org/F4320335302","display_name":"Universit\u00e9 de Namur","ror":"https://ror.org/03d1maw17"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3122230342.pdf","grobid_xml":"https://content.openalex.org/works/W3122230342.grobid-xml"},"referenced_works_count":58,"referenced_works":["https://openalex.org/W16129068","https://openalex.org/W619897599","https://openalex.org/W1538262728","https://openalex.org/W1798474034","https://openalex.org/W1815056961","https://openalex.org/W1948160831","https://openalex.org/W1968094009","https://openalex.org/W1977640041","https://openalex.org/W1978796178","https://openalex.org/W1983044311","https://openalex.org/W2017299637","https://openalex.org/W2025610165","https://openalex.org/W2026881383","https://openalex.org/W2039949958","https://openalex.org/W2044948141","https://openalex.org/W2046764142","https://openalex.org/W2071611857","https://openalex.org/W2073493950","https://openalex.org/W2075013871","https://openalex.org/W2079066000","https://openalex.org/W2091729238","https://openalex.org/W2095609712","https://openalex.org/W2097369437","https://openalex.org/W2098138465","https://openalex.org/W2099628571","https://openalex.org/W2101207008","https://openalex.org/W2104229827","https://openalex.org/W2106069978","https://openalex.org/W2110170033","https://openalex.org/W2116876416","https://openalex.org/W2126948661","https://openalex.org/W2127666958","https://openalex.org/W2128573368","https://openalex.org/W2129179600","https://openalex.org/W2132645007","https://openalex.org/W2134246329","https://openalex.org/W2136250644","https://openalex.org/W2136985860","https://openalex.org/W2138605668","https://openalex.org/W2141136453","https://openalex.org/W2144777209","https://openalex.org/W2146039781","https://openalex.org/W2153426883","https://openalex.org/W2156233205","https://openalex.org/W2164963733","https://openalex.org/W2254759527","https://openalex.org/W2327255104","https://openalex.org/W3123200913","https://openalex.org/W3123262528","https://openalex.org/W3124635110","https://openalex.org/W3141859414","https://openalex.org/W3191616531","https://openalex.org/W4210974341","https://openalex.org/W4230927399","https://openalex.org/W4232243078","https://openalex.org/W4234392844","https://openalex.org/W4243882294","https://openalex.org/W4245139877"],"related_works":["https://openalex.org/W1544318349","https://openalex.org/W2006030894","https://openalex.org/W2911687688","https://openalex.org/W2169418552","https://openalex.org/W4214486233","https://openalex.org/W40237305","https://openalex.org/W7009421292","https://openalex.org/W2084913994","https://openalex.org/W7202059514","https://openalex.org/W1975884575"],"abstract_inverted_index":{"Political":[0],"economy":[1],"theory":[2],"expects":[3],"politicians":[4,109],"to":[5,9,72,81,95,133],"use":[6],"budget":[7],"deficits":[8],"engineer":[10],"an":[11,35,85],"election-timed":[12],"boom,":[13],"known":[14],"as":[15],"the":[16,28,42,77],"political":[17],"business":[18],"cycle.":[19],"We":[20,38],"challenge":[21],"and":[22],"contextualize":[23],"this":[24,130],"view":[25],"by":[26,32],"incorporating":[27],"financial":[29,100],"constraints":[30],"faced":[31],"governments":[33,63],"into":[34],"electoral":[36],"framework.":[37],"argue":[39],"theoretically":[40],"that":[41,59,99,108],"extent":[43],"of":[44,88,120],"ownership":[45],"dispersion":[46],"among":[47],"creditors":[48],"has":[49],"important":[50],"effects":[51],"for":[52],"governments\u2019":[53],"policy":[54],"autonomy.":[55],"Specifically,":[56],"we":[57,97,106,128],"contend":[58],"when":[60,114],"highly":[61],"indebted":[62],"become":[64],"more":[65,111],"reliant":[66],"on":[67],"international":[68],"bond":[69,125],"markets\u2014as":[70],"opposed":[71],"traditional":[73],"bank":[74],"lending\u2014politicians":[75],"alter":[76],"way":[78],"they":[79,115],"respond":[80],"domestic":[82],"constituents.":[83],"In":[84],"econometric":[86],"test":[87],"16":[89],"Latin":[90],"American":[91],"countries,":[92],"from":[93],"1961":[94],"2011,":[96],"show":[98],"decentralization":[101],"breeds":[102],"austerity.":[103],"More":[104],"specifically,":[105],"find":[107,129],"exhibit":[110],"fiscal":[112],"discipline":[113],"fund":[116],"a":[117],"greater":[118],"share":[119],"their":[121],"spending":[122],"through":[123],"decentralized":[124],"markets.":[126],"Furthermore,":[127],"disciplining":[131],"effect":[132],"be":[134],"particularly":[135],"strong":[136],"during":[137],"election":[138],"periods.":[139]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":15},{"year":2023,"cited_by_count":8},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":13},{"year":2019,"cited_by_count":5},{"year":2018,"cited_by_count":5}],"updated_date":"2026-10-29T09:56:32.521200","created_date":"2021-02-01T00:00:00"}
