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Lending to the Borrower from Hell

- Debt, Taxes, and Default in the Age of Philip II

Bag om Lending to the Borrower from Hell

Why do lenders time and again loan money to sovereign borrowers who promptly go bankrupt? When can this type of lending work? This title looks at one famous case - the debts and defaults of Philip II of Spain. Using detailed evidence collected from sixteenth-century archives, it examines the incentives and returns of lenders.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9780691151496
  • Indbinding:
  • Hardback
  • Sideantal:
  • 328
  • Udgivet:
  • 19. januar 2014
  • Størrelse:
  • 241x163x25 mm.
  • Vægt:
  • 590 g.
  • Ukendt - mangler pt..

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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? This title looks at one famous case - the debts and defaults of Philip II of Spain. Using detailed evidence collected from sixteenth-century archives, it examines the incentives and returns of lenders.

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