Lending to the borrower from hell: debt, taxes, and default in the age of philip ii
Auteur :
Drelichman, Mauricio / Voth, Hans-Joachim
Éditeur :
Princeton University Press
ISBN :
9780691151496
Date de publication :
19 janv. 2014
Dimensions :
21,0 x 15,0 x 2,5 cm
Poids :
595 g
Format :
B315
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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.