Ebook: Rethinking Sovereign Debt: Politics, Reputation, and Legitimacy in Modern Finance
Author: Odette Lienau
- Year: 2014
- Publisher: Harvard University Press
- Language: English
- pdf
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.
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