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 …
A Gelpern, U Panizza - Annual Review of Economics, 2022 - annualreviews.org
This article reviews recent economic and legal literature on sovereign debt in light of the COVID-19 shock. Most of the core theoretical contributions across the two disciplines hinge …
BJ Eichengreen, A El-Ganainy, R Esteves… - 2021 - books.google.com
A dive into the origins, management, and uses and misuses of sovereign debt through the ages. Public debts have exploded to levels unprecedented in modern history as …
Modern theories of rational decision-making distinguish between certainty, risk and uncertainty. When the consequences of action cannot be calculated, decision-makers …
Financial markets play an indispensable role in the management of sovereign debt, that is, the mechanics of how and from whom governments borrow. This paper suggests a novel …
The literature exploiting historical data generally supports the democratic advantage thesis, which holds that democracies can sell more bonds on better terms than their authoritarian …
We live in an age of awesome technological potential. From nanotechnology to synthetic organisms, new technologies stand to revolutionize whole domains of human experience …
Nineteenth-century Brazil's constitutional monarchy credibly committed to repay sovereign debt, borrowing repeatedly in international and domestic capital markets without default. Yet …
Ever since the financial crisis of 2008, doubts have been raised about the future of capitalism. In this broad-ranging survey of financial capitalism from antiquity to the present …