Roos, Jerome E.

Why Not Default?: The - Political Economy of - Sovereign Debt /]Cjerome - Roos

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ISBN 13:
9780691217437
author:
Roos, Jerome E.
format:
Paperback
publisher:
Princeton University Press
language:
English
Publication Year:
2021
Pages:
416
Dimensions:
23.1 x 15.5 x 2.8 centimetres (0
Genre:
Business, Economics, General,
Condition:
New
Availability:
Item usually sent within 10 working days
£26.69

Description

Debt and power: how creditors shape the world economy. Jerome Roos explores the complex relationship between sovereign debt and international crisis management, revealing how heavily indebted countries continue to service their debts despite frequent crises. From the rise of public borrowing in medieval Italy to the recent turmoil inside the Eurozone, Roos sheds new light on the history of debt crises. He examines case studies of contemporary debt crises in Mexico, Argentina, and Greece, painting a disconcerting picture of the ascendancy of global finance. This book shows how private and official creditors have gained unprecedented power over heavily indebted borrowers, with devastating social consequences for democracy. With in-depth analysis, Roos unravels the puzzle of why so many countries continue to service their debts despite immense costs. His investigation provides a compelling insight into the fraught relationship between capitalism and democracy in a globalized world.

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