Debt, Taxes, and Default in the Age of Philip II
by
Mauricio Drelichman, Hans-Joachim Voth
Language: English
Release Date: January 19, 2014
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...