The authors unearth unique sixteenth-century loan contracts that offered highly effective risk sharing between the king and his lenders, with payment obligations reduced in bad times. A fascinating story of finance and empire, Lending to the Borrower from Hell offers an intelligent model for keeping economies safe in times of sovereign debt crises and defaults.
Debt, Taxes, and Default in the Age of Philip II
The authors unearth unique sixteenth-century loan contracts that offered highly effective risk sharing between the king and his lenders, with payment obligations reduced in bad times. A fascinating story of finance and empire, Lending to the Borrower from Hell offers an intelligent model for keeping economies safe in times of sovereign debt crises and defaults.
- ISBN:
- 9780691151496
- 9780691151496
- Category:
- Economic history
- Format:
- Hardback
- Publication Date:
- 19-01-2014
- Language:
- English
- Publisher:
- Princeton University Press
- Country of origin:
- United States
- Pages:
- 328
- Dimensions (mm):
- 235x152x26mm
- Weight:
- 0.57kg
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