Ebook: Lending to the borrower from hell: debt, taxes, and default in the age of Philip II
- Tags: Debts Public, Debts Public--Spain--History--16th century, Finance Public, Finance Public--Spain--History--16th century, Taxation, Taxation--Spain--History--16th century, History, Philip -- II -- King of Spain -- 1527-1598, Finance Public -- Spain -- History -- 16th century, Debts Public -- Spain -- History -- 16th century, Taxation -- Spain -- History -- 16th century, Spain
- Series: Princeton economic history of the Western world
- Year: 2013
- Publisher: Princeton University Press
- City: Spain
- Language: English
- epub
Why do lenders time and again loan money to sovereign borrowers who promptly go bankrupt? When can this type of lending work? As the United States and many European nations struggle with mountains of debt, historical precedents can offer valuable insights. This text looks at one famous case - the debts and defaults of Philip II of Spain.
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