Lending to the Borrower from Hell: Debt, Taxes, and Default in the Age of Philip II (The Princeton Economic History of the Western World) by Mauricio Drelichman, Hans-Joachim Voth

Lending to the Borrower from Hell: Debt, Taxes, and Default in the Age of Philip II (The Princeton Economic History of the Western World)

Mauricio Drelichman, Hans-Joachim Voth

323 pages first pub 2014 (editions)

nonfiction economics history informative medium-paced
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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 ...

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