Lending to the Borrower from Hell: Debt, Taxes, and Default in the Age of Philip II

(Part of the The Princeton Economic History of the Western World Series)

by Hans-Joachim Voth and Mauricio Drelichman

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What the loans and defaults of a sixteenth-century Spanish king can tell us about sovereign debt today

Why do lenders time and again loan money to sovereign borrowers who promptly go bankrupt? When can this type of lending work? As the United States and many European nations struggle with mountains of debt, historical precedents can offer valuable insights. Lending to the Borrower from Hell looks at one famous case-the debts...

Format:Paperback

Language:English

ISBN:069117377X

ISBN13:9780691173771

Release Date:December 2016

Publisher:Princeton University Press

Length:328 Pages

Weight:0.75 lbs.

Dimensions:0.7" x 6.1" x 9.2"

Related Subjects

Business Business & Investing History

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Lending to the Borrower from Hell: Debt, Taxes, and Default in the Age of Philip II

(Part of the The Princeton Economic History of the Western World Series)

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