Rethinking sovereign debt: politics, reputation, and legitimacy in modern finance
Auteur :
Lienau, Odette
Éditeur :
Harvard University Press
ISBN :
9780674725065
Date de publication :
18 févr. 2014
Dimensions :
24,3 x 15,5 x 2,7 cm
Poids :
646 g
Langue :
Anglais
Pays d'origine :
Grande Bretagne
Should South Africa be responsible for apartheid-era debt? Should Iraq be tied to Saddam Hussein's excesses? Odette Lienau shows that sovereign debt continuity--the rule that nations must repay loans even after a regime change--relies on absolutist ideas, and explains why the practice is not essential for functioning capital markets.