0
Your cart

Your cart is empty

Books > History > History of specific subjects > Economic history

Buy Now

Why Not Default? - The Political Economy of Sovereign Debt (Hardcover) Loot Price: R547
Discovery Miles 5 470
You Save: R160 (23%)
Why Not Default? - The Political Economy of Sovereign Debt (Hardcover): Jerome E. Roos

Share your images

Why Not Default? - The Political Economy of Sovereign Debt (Hardcover)

Jerome E. Roos

 (sign in to rate)
List price R707 Loot Price R547 Discovery Miles 5 470 You Save R160 (23%)

Bookmark and Share

Expected to ship within 7 - 12 working days

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 (TM)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.

General

Imprint: Princeton University Press
Country of origin: United States
Release date: February 2019
First published: 2019
Authors: Jerome E. Roos
Dimensions: 235 x 155 x 34mm (L x W x T)
Format: Hardcover - Trade binding
Pages: 416
ISBN-13: 978-0-691-18010-6
Languages: English
Subtitles: English
Categories: Books > Humanities > History
Books > Social sciences > Politics & government
Books > Business & Economics > Economics
Books > Business & Economics > Finance & accounting
Books > Humanities > History > History of specific subjects
Books > Social sciences > Politics & government > International relations
Books > Business & Economics > Economics > Political economy
Books > Business & Economics > Finance & accounting > Finance
Books > Humanities > History > History of specific subjects > Economic history
Books > Social sciences > Politics & government > International relations > General
Books > Business & Economics > Finance & accounting > Finance > Public finance
Books > Business & Economics > Finance & accounting > Finance > Public finance > General
Books > History > History of specific subjects
Books > History > History of specific subjects > Economic history
Books > Money & Finance > Public finance
Books > Money & Finance > Public finance > General
Promotions
LSN: 0-691-18010-5
Barcode: 9780691180106

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

Partners