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When Nations Can't Default

When Nations Can't Default

A History of War Reparations and Sovereign Debt

Simon Hinrichsen

Cambridge University Press
Publication date : 2023-11-02

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War reparations have been large and small, repaid and defaulted on, but the consequences have almost always been significant. Ever since Keynes made his case against German reparations in The Economic Consequences of the Peace, the effects of transfer payments have been hotly debated. When Nations Can't Default tells the history of war reparations and their consequences by combining history, political economy, and open economy macroeconomics. It visits often forgotten episodes and tells the story of how reparations were mostly repaid - and when they were not. Analysing fifteen episodes of war reparations, this book argues that reparations are unlike other sovereign debt because repayment is enforced by military and political force, making it a senior liability of the state.

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About the book

Author

Simon Hinrichsen

Imprint

Cambridge University Press

Collection

n.c

Publication date

2023-11-02

Pages

n.c

Print ISBN

9781009343923

Language

English

Ebook informations

EAN PDF

9781009343930

Price

£27.43

Copy count 0

Print count 0

File size 10772 Ko

Informations accessibility

EAN EPUB

9781009343947

Price

£27.43

Copy count 0

Print count 0

File size 7444 Ko

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About author(s)

Simon Hinrichsen

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