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

by Hans-Joachim Voth and Mauricio Drelichman

Book Overview

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"