Loans and Legitimacy

Loans and Legitimacy PDF Author: Katherine Amelia Siobhan Siegel
Publisher: University Press of Kentucky
ISBN: 9780813119625
Category : Political Science
Languages : en
Pages : 240

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Book Description
Because the United States did not recognize the Soviet Union until 1933, historians have viewed the early Soviet American relationship as an ideological stand-off. Katherine Siegel, drawing on public, private, and corporate documents as well as newly opened Soviet archives, paints a different picture. She finds that business ties flourished between 1923 and 1930, American sales to the Soviets grew twentyfold, and American firms supplied Russians with more than a fourth of their imports. American businesses were only too eager to tap into huge Soviet markets. Along with purchases went credit from major American manufacturers and banks. Under the Soviets' New Economic Policy and first Five Year Plan, American firms invested in the U.S.S.R. and sold technical processes, provided consulting services, built factories, and trained Soviet engineers in the U.S. Most significantly, Siegel shows, this commercial relationship encouraged policy shifts at the highest levels of the U.S. government. Thus when Franklin D. Roosevelt opened diplomatic relations with Russia, he was building on ties that had been carefully constructed over the previous fifteen years. Siegel's study makes an important contribution to a new understanding of early Soviet-American relations.

Loans and Legitimacy

Loans and Legitimacy PDF Author: Katherine Amelia Siobhan Siegel
Publisher: University Press of Kentucky
ISBN: 9780813119625
Category : Political Science
Languages : en
Pages : 240

Get Book Here

Book Description
Because the United States did not recognize the Soviet Union until 1933, historians have viewed the early Soviet American relationship as an ideological stand-off. Katherine Siegel, drawing on public, private, and corporate documents as well as newly opened Soviet archives, paints a different picture. She finds that business ties flourished between 1923 and 1930, American sales to the Soviets grew twentyfold, and American firms supplied Russians with more than a fourth of their imports. American businesses were only too eager to tap into huge Soviet markets. Along with purchases went credit from major American manufacturers and banks. Under the Soviets' New Economic Policy and first Five Year Plan, American firms invested in the U.S.S.R. and sold technical processes, provided consulting services, built factories, and trained Soviet engineers in the U.S. Most significantly, Siegel shows, this commercial relationship encouraged policy shifts at the highest levels of the U.S. government. Thus when Franklin D. Roosevelt opened diplomatic relations with Russia, he was building on ties that had been carefully constructed over the previous fifteen years. Siegel's study makes an important contribution to a new understanding of early Soviet-American relations.

Rethinking Sovereign Debt

Rethinking Sovereign Debt PDF Author: Odette Lienau
Publisher: Harvard University Press
ISBN: 0674726405
Category : Business & Economics
Languages : en
Pages : 342

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Book Description
Conventional wisdom holds that all nations must repay debt. Regardless of the legitimacy of the regime that signs the contract, a country that fails to honor its obligations damages its reputation. Yet should today's South Africa be responsible for apartheid-era debt? Is it reasonable to tether postwar Iraq with Saddam Hussein's excesses? Rethinking Sovereign Debt is a probing analysis of how sovereign debt continuity--the rule that nations should repay loans even after a major regime change, or else expect consequences--became dominant. Odette Lienau contends that the practice is not essential for functioning capital markets, and demonstrates its reliance on absolutist ideas that have come under fire over the last century. Lienau traces debt continuity from World War I to the present, emphasizing the role of government officials, the World Bank, and private markets in shaping our existing framework. Challenging previous accounts, she argues that Soviet Russia's repudiation of Tsarist debt and Great Britain's 1923 arbitration with Costa Rica hint at the feasibility of selective debt cancellation. Rethinking Sovereign Debt calls on scholars and policymakers to recognize political choice and historical precedent in sovereign debt and reputation, in order to move beyond an impasse when a government is overthrown.

Unelected Power

Unelected Power PDF Author: Paul Tucker
Publisher: Princeton University Press
ISBN: 0691196303
Category : Business & Economics
Languages : en
Pages : 662

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Book Description
Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.

Where Does Money Come From?

Where Does Money Come From? PDF Author: Josh Ryan-Collins
Publisher:
ISBN: 9781908506542
Category : Banks and banking
Languages : en
Pages : 186

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Book Description
Based on detailed research and consultation with experts, including the Bank of England, this book reviews theoretical and historical debates on the nature of money and banking and explains the role of the central bank, the Government and the European Union. Following a sell out first edition and reprint, this second edition includes new sections on Libor and quantitative easing in the UK and the sovereign debt crisis in Europe.

On Legitimacy in Global Governance

On Legitimacy in Global Governance PDF Author: Sören Hilbrich
Publisher: Springer Nature
ISBN: 3031541251
Category :
Languages : en
Pages : 227

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Book Description


Seeking Legitimacy

Seeking Legitimacy PDF Author: Aili Mari Tripp
Publisher: Cambridge University Press
ISBN: 110842564X
Category : Law
Languages : en
Pages : 337

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Book Description
A comparative study based on extensive fieldwork, and an original database of gender-based reforms in the Middle East and North Africa, Aili Mari Tripp analyzes why autocratic leaders in Morocco, Algeria and Tunisia adopted more extensive women's rights than their Middle Eastern counterparts.

Loan Sharks

Loan Sharks PDF Author: Charles R. Geisst
Publisher: Brookings Institution Press
ISBN: 0815729014
Category : Business & Economics
Languages : en
Pages : 275

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Book Description
Predatory lending: A problem rooted in the past that continues today. Looking for an investment return that could exceed 500 percent annually; maybe even twice that much? Private, unregulated lending to high-risk borrowers is the answer, or at least it was in the United States for much of the period from the Civil War to the onset of the early decades of the twentieth century. Newspapers called the practice “loan sharking” because lenders employed the same ruthlessness as the great predators in the ocean. Slowly state and federal governments adopted laws and regulations curtailing the practice, but organized crime continued to operate much of the business. In the end, lending to high-margin investors contributed directly to the Wall Street crash of 1929. Loan Sharks is the first history of predatory lending in the United States. It traces the origins of modern consumer lending to such older practices as salary buying and hidden interest charges. Yet, as Geisst shows, no-holds barred loan sharking is not a thing of the past. Many current lending practices employed today by credit card companies, payday lenders, and providers of consumer loans would have been easily recognizable at the end of the nineteenth century. Geisst demonstrates the still prevalent custom of lenders charging high interest rates, especially to risky borrowers, despite attempts to control the practice by individual states. Usury and loan sharking have not disappeared a century and a half after the predatory practices first raised public concern.

Revenue-Raising and Legitimacy

Revenue-Raising and Legitimacy PDF Author: Linda T. Darling
Publisher: BRILL
ISBN: 9004661042
Category : History
Languages : en
Pages : 384

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Book Description
This study examines for the first time the finance procedures and documents of the post-classical Ottoman Empire. It provides an overview of institutional and monetary history and a detailed description of assessment and collection processes for Cizye, Avariz and Iltizam-collected taxes, the documents produced by these processes, and the information they contain. The finance department's detailed record-keeping, procedural continuity, and provision of economic justice made it a bulwark of stability in a period of turmoil. For specialists, this book introduces a multitude of sources on the economic and social history of the post-classical age, while for comparativists it places the empire in its seventeenth-century context. It links Ottoman administrative change with early modern state formation and reformulates the seventeenth century as a period of consolidation, not decline.

Rulers, Religion, and Riches

Rulers, Religion, and Riches PDF Author: Jared Rubin
Publisher: Cambridge University Press
ISBN: 110703681X
Category : Business & Economics
Languages : en
Pages : 297

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Book Description
This book seeks to explain the political and religious factors leading to the economic reversal of fortunes between Europe and the Middle East.

Loan Portfolio Management

Loan Portfolio Management PDF Author:
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 114

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Book Description