Read Why Not Default?: The Political Economy of Sovereign Debt

Why Not Default?: The Political Economy of Sovereign Debt

Jerome Roos

4.9/5 (14167 ratings)

Description:How creditors came to wield unprecedented power over heavily indebted countries--and the dangers this poses to democracyThe European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? unravels a striking puzzle at the heart of these debates--why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts?In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management. He takes readers from the rise of public borrowing in the Italian city-states to the gunboat diplomacy of the imperialist era and the wave of sovereign defaults during the Great Depression. He vividly describes the debt crises of developing countries in the 1980s and 1990s and sheds new light on the recent turmoil inside the Eurozone--including the dramatic capitulation of Greece's short-lived anti-austerity government to its European creditors in 2015.Drawing on in-depth case studies of contemporary debt crises in Mexico, Argentina, and Greece, Why Not Default? paints a disconcerting picture of the ascendancy of global finance. This important book shows how the profound transformation of the capitalist world economy over the past four decades has endowed private and official creditors with unprecedented structural power over heavily indebted borrowers, enabling them to impose painful austerity measures and enforce uninterrupted debt service during times of crisis--with devastating social consequences and far-reaching implications for democracy.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Why Not Default?: The Political Economy of Sovereign Debt. To get started finding Why Not Default?: The Political Economy of Sovereign Debt, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: —

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: —

ISBN: 0691217432

Description: How creditors came to wield unprecedented power over heavily indebted countries--and the dangers this poses to democracyThe European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? unravels a striking puzzle at the heart of these debates--why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts?In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management. He takes readers from the rise of public borrowing in the Italian city-states to the gunboat diplomacy of the imperialist era and the wave of sovereign defaults during the Great Depression. He vividly describes the debt crises of developing countries in the 1980s and 1990s and sheds new light on the recent turmoil inside the Eurozone--including the dramatic capitulation of Greece's short-lived anti-austerity government to its European creditors in 2015.Drawing on in-depth case studies of contemporary debt crises in Mexico, Argentina, and Greece, Why Not Default? paints a disconcerting picture of the ascendancy of global finance. This important book shows how the profound transformation of the capitalist world economy over the past four decades has endowed private and official creditors with unprecedented structural power over heavily indebted borrowers, enabling them to impose painful austerity measures and enforce uninterrupted debt service during times of crisis--with devastating social consequences and far-reaching implications for democracy.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Why Not Default?: The Political Economy of Sovereign Debt. To get started finding Why Not Default?: The Political Economy of Sovereign Debt, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Why Not Default?: The Political Economy of Sovereign Debt

Why Not Default?: The Political Economy of Sovereign Debt

More Books

Discourse and Politics

Discourse and Politics

Hearings

Hearings

Why Not Default?

Why Not Default?

An Econometric Analysis of IBRD Creditworthiness

An Econometric Analysis of IBRD Creditworthiness

Money Rules: Parties, Oligarchs and Funding Regulation in Post-Soviet Countries

Money Rules: Parties, Oligarchs and Funding Regulation in Post-Soviet Countries

Promotion of United States Exports

Promotion of United States Exports

Economic Quarterly

Economic Quarterly

Parliamentary Papers

Parliamentary Papers

Physics and Politics Or, Thoughts on the Application of the Principles of "natural Selection" and "inheritance" to Political Society

Physics and Politics Or, Thoughts on the Application of the Principles of "natural Selection" and "inheritance" to Political Society