Sovereign Debt Diplomacies

Sovereign Debt Diplomacies PDF Author: Pierre Penet
Publisher: Oxford University Press
ISBN: 0198866356
Category : Business & Economics
Languages : en
Pages : 371

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Book Description
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Sovereign Debt Diplomacies aims to revisit the meaning of sovereign debt in relation to colonial history and postcolonial developments. It offers three main contributions. The first contribution is historical. The volume historicises a research field that has so far focused primarily on the post-1980 years. A focus on colonial debt from the 19th century building of colonial empires to the decolonisation era in the 1960s-70s fills an important gap in recent debt historiographies. Economic historians have engaged with colonialism only reluctantly or en passant, giving credence to the idea that colonialism is not a development that deserves to be treated on its own. This has led to suboptimal developments in recent scholarship. The second contribution adds a 'law and society' dimension to studies of debt. The analytical payoff of the exercise is to capture the current developments and functional limits of debt contracting and adjudication in relation to the long-term political and sociological dynamics of sovereignty. Finally, Sovereign Debt Diplomacies imports insights from, and contributes to the body of research currently developed in the Humanities under the label 'colonial and postcolonial studies'. The emphasis on 'history from below' and focus on 'subaltern agency' usefully complement the traditional elite-perspective on financial imperialism favoured by the British school of empire history.

Sovereign Debt Diplomacies

Sovereign Debt Diplomacies PDF Author: Pierre Penet
Publisher: Oxford University Press
ISBN: 0198866356
Category : Business & Economics
Languages : en
Pages : 371

Get Book Here

Book Description
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Sovereign Debt Diplomacies aims to revisit the meaning of sovereign debt in relation to colonial history and postcolonial developments. It offers three main contributions. The first contribution is historical. The volume historicises a research field that has so far focused primarily on the post-1980 years. A focus on colonial debt from the 19th century building of colonial empires to the decolonisation era in the 1960s-70s fills an important gap in recent debt historiographies. Economic historians have engaged with colonialism only reluctantly or en passant, giving credence to the idea that colonialism is not a development that deserves to be treated on its own. This has led to suboptimal developments in recent scholarship. The second contribution adds a 'law and society' dimension to studies of debt. The analytical payoff of the exercise is to capture the current developments and functional limits of debt contracting and adjudication in relation to the long-term political and sociological dynamics of sovereignty. Finally, Sovereign Debt Diplomacies imports insights from, and contributes to the body of research currently developed in the Humanities under the label 'colonial and postcolonial studies'. The emphasis on 'history from below' and focus on 'subaltern agency' usefully complement the traditional elite-perspective on financial imperialism favoured by the British school of empire history.

Reputation and International Cooperation

Reputation and International Cooperation PDF Author: Michael Tomz
Publisher: Princeton University Press
ISBN: 0691134693
Category : Political Science
Languages : en
Pages : 324

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Book Description
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Why Not Default?

Why Not Default? PDF Author: Jerome E. Roos
Publisher: Princeton University Press
ISBN: 0691184933
Category : Business & Economics
Languages : en
Pages : 398

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Book Description
How creditors came to wield unprecedented power over heavily indebted countries—and the dangers this poses to democracy The European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? unravels a striking puzzle at the heart of these debates—why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts? In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management. He takes readers from the rise of public borrowing in the Italian city-states to the gunboat diplomacy of the imperialist era and the wave of sovereign defaults during the Great Depression. He vividly describes the debt crises of developing countries in the 1980s and 1990s and sheds new light on the recent turmoil inside the Eurozone—including the dramatic capitulation of Greece’s short-lived anti-austerity government to its European creditors in 2015. Drawing on in-depth case studies of contemporary debt crises in Mexico, Argentina, and Greece, Why Not Default? paints a disconcerting picture of the ascendancy of global finance. This important book shows how the profound transformation of the capitalist world economy over the past four decades has endowed private and official creditors with unprecedented structural power over heavily indebted borrowers, enabling them to impose painful austerity measures and enforce uninterrupted debt service during times of crisis—with devastating social consequences and far-reaching implications for democracy.

A World Safe for Capitalism

A World Safe for Capitalism PDF Author: Cyrus Veeser
Publisher: Columbia University Press
ISBN: 0231235879
Category : History
Languages : en
Pages : 277

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Book Description
"A rich and insightful analysis of the political economy of dollar diplomacy."-Emily S. Rosenberg, Macalester College A World Safe for Capitalism unravels a little-known incident a Wall Street corporation's takeover of the foreign debt, national railroad, and national bank of the Dominican Republic in the 1890's. Working with the republic's tyrannical president, the American firm tried to turn self-sufficient peasants into cash-crop farmers, with disastrous results. By 1904, the company's narrow pursuit of profit clashed with Theodore Roosevelt's goal of making the United States a great power, thus triggering a sweeping new policyùthe Roosevelt Corollary to the Monroe Doctrine. Praised by Diplomatic History as "a model of globe-trotting multiarchival research," this exciting history covers events in New York, Washington, Santo Domingo, Brussels, and London. "A major contribution to the fields of U.S. economic and diplomatic history as well as Dominican history."-Journal of American History "Veeser joins an emergent historiography, which emphasizes the reception of US hegemony by local elites."-American Sudies International "Meticulously researched and carefully argued, Veeser's book challenges conventional wisdom and offers a persuasive interpretation of the origins of Dollar Diplomacy."-H.W. Brands, author of T.R.: The Last Romantic "A detailed and well-written account of the early growth of U.S. overseas interest"-Library Jouranl "Veeser disrupts the simplistic notion of foreign policy as window dressing for the...class interests of finance capitalists."-Business History Review "A significant chapter in the development of the practices of economic intervention that marked Washington's emergence as the dominant force in global capitalism in the twentieth century."-Hispanic American Historical Review

Hope Springs Eternal

Hope Springs Eternal PDF Author: Kim Oosterlinck
Publisher: Yale University Press
ISBN: 0300190913
Category : Business & Economics
Languages : en
Pages : 261

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Book Description
In 1918, the Soviet revolutionary government repudiated the Tsarist regime's sovereign debt, triggering one of the biggest sovereign defaults ever. Yet the price of Russian bonds remained high for years. Combing French archival records, Kim Oosterlinck shows that, far from irrational, investors had legitimate reasons to hope for repayment. Soviet debt recognition, a change in government, a bailout by the French government, or French banks, or a seceding country would have guaranteed at least a partial reimbursement. As Greece and other European countries raise the possibility of sovereign default, Oosterlinck's superbly researched study is more urgent than ever.

Britain, America and the War Debt Controversy

Britain, America and the War Debt Controversy PDF Author: Robert Self
Publisher: Routledge
ISBN: 1134268912
Category : Business & Economics
Languages : en
Pages : 276

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Book Description
This volume throws important new light upon a pivotal period of transition in the Anglo-American relationship and sets the stage for its equally dramatic transformation during and after the Second World War. Based upon extensive research in previously unpublished archival material on both sides of the Atlantic, for the first time this book offers a detailed and comprehensive analysis of the war debt problem from its origins at the end of the First World War until its final removal with the launch of Roosevelt's Lend-Lease programme in 1940-41. This work will be of great interest to diplomats and journalists, as well as to students and scholars of political, diplomatic, economic and international history.

Sovereign Debt

Sovereign Debt PDF Author: S. Ali Abbas
Publisher: Oxford University Press
ISBN: 0192591401
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
The last time global sovereign debt reached the level seen today was at the end of the Second World War, and this shaped a generation of economic policymaking. International institutions were transformed, country policies were often draconian and distortive, and many crises ensued. By the early 1970s, when debt fell back to pre-war levels, the world was radically different. It is likely that changes of a similar magnitude -for better and for worse - will play out over coming decades. Sovereign Debt: A Guide for Economists and Practitioners is an attempt to build some structure around the issues of sovereign debt to help guide economists, practitioners and policymakers through this complicated, but not intractable, subject. Sovereign Debt brings together some of the world's leading researchers and specialists in sovereign debt to cover a range of sub-disciplines within this vast topic. It explores debt management with debt sustainability; debt reduction policies with crisis prevention policies; and the history with the conjuncture. It is a foundation text for all those interested in sovereign debt, with a particular focus real world examples and issues.

Sovereign Debt at the Crossroads

Sovereign Debt at the Crossroads PDF Author: Adjunct Professor at School of International and Public Affairs Chris Jochnick
Publisher: Oxford University Press on Demand
ISBN: 9780195168006
Category : Business & Economics
Languages : en
Pages : 353

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Book Description
This is a comprehensive overview of the problems associated with Third World debt and describes new and practical approaches to overcoming them. As contributions come from leading thinkers across a range of disciplines, the text offers a timely guide for understanding and influencing the debt debate.

Stateness and Sovereign Debt

Stateness and Sovereign Debt PDF Author: Kostas A. Lavdas
Publisher: Lexington Books
ISBN: 0739181270
Category : Political Science
Languages : en
Pages : 202

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Book Description
This book examines the present crisis of Greece’s political economy as a crisis of stateness, tackling the domestic as well as the international dimensions. It represents the first attempt by Greek academics to put forward a theoretically-informed, interdisciplinary analysis of Greece’s fiscal, economic, and political crisis. The approach aims to fill a major gap, combining insights from comparative politics, political economy, international relations theory, and legal-institutional analysis, in a theoretically informed account of the Greek case in comparative and theoretical perspective. The book tackles the issue of the possible next steps for the EU under the influence of the crisis of the eurozone, including a thorough analysis of national sovereignty seen from a domestic and an international point of view, focusing on critical processes in the international arena such as interdependency and dependency, while a legal-institutional chapter demonstrates the erratic way in which Greek government dealt with sovereign debt. The project comes at the right time in order to address a highly contentious chapter in the political development of the Greek state and of the European South. As the crisis in the eurozone’s weaker periphery unfolds, Lavdas, Litsas, and Skiadas use the Greek crisis in order to address a much larger and critical issue: the role and predicament of stateness in the developing EU.

Sovereign Debt

Sovereign Debt PDF Author: Rob Quail
Publisher: John Wiley & Sons
ISBN: 1118017552
Category : Business & Economics
Languages : en
Pages : 435

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Book Description
An intelligent analysis of the dangers, opportunities, and consequences of global sovereign debt Sovereign debt is growing internationally at a terrifying rate, as nations seek to prop up their collapsing economies. One only needs to look at the sovereign risk pressures faced by Greece, Spain, and Ireland to get an idea of how big this problem has become. Understanding this dilemma is now more important than ever, that's why Robert Kolb has compiled Sovereign Debt. With this book as your guide, you'll gain a better perspective on the essential issues surrounding sovereign debt and default through discussions of national defaults, systemic risk, associated costs, and much more. Historical studies are also included to provide a realistic framework of reference. Contains up-to-date research and analysis on sovereign debt from today's leading practitioners and academics Details the dangers of defaults and their associated systemic risks Explores the past, present, and future of sovereign debt The repercussions of a national default are all-encompassing as global markets are intricately interwoven in the modern world. Sovereign Debt examines what it will take to overcome the challenges of this market and how you can deal with the uncertainty surrounding it.