Lending to the Borrower from Hell
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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.
| Autor: | Drelichman, Mauricio; Voth, Hans-Joachim |
| Nakladatel: | Princeton University Press |
| ISBN: | 9780691151496 |
| Rok vydání: | 2014 |
| Jazyk : | Angličtina |
| Vazba: | Hardback |
| Počet stran: | 328 |
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