This study identifies the correlates of legal financial obligation (LFO) debt repayment among persons sentenced to probation and transferred a specialized collections unit. Using bivariate tests logistic regression, results indicate that starting balance amounts, monthly payment enforcement actions (capias warrant) are strongest influences on likelihood full repayment. These some will struggle ...

We revisit the link between risk of sovereign default and costs. Contrary to prior literature, we show that higher costs may result in probabilities, lower bond prices, fiscal limits are not pinned down by economic fundamentals. Government debt sustainability depends on private investment behavior, which is affected expectations about defaults capital returns. argue this feedback loop gives ris...