skip to content
Why not default? : the political economy of sovereign debt Preview this item
ClosePreview this item
Checking...

Why not default? : the political economy of sovereign debt

Author: Jerome Roos
Publisher: Princeton : Princeton University Press, [2019] ©2019
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
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  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: History
Document Type: Book
All Authors / Contributors: Jerome Roos
ISBN: 0691180105 9780691180106
OCLC Number: 1084541225
Description: x, 398 pages : illustrations ; 25 cm
Other Titles: Political economy of sovereign debt
Responsibility: Jerome Roos.

Abstract:

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.

Reviews

Editorial reviews

Publisher Synopsis

"The four decades since the breakdown of the Bretton Woods order (early 1970s) have seen a frequency of foreign debt crises at least twice as high as in the decades before 1914-yet with hardly any Read more...

 
User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.

Similar Items

Related Subjects:(7)

User lists with this item (1)

Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/1084541225> # Why not default? : the political economy of sovereign debt
    a schema:CreativeWork, schema:Book ;
    library:oclcnum "1084541225" ;
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/nju> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/5054789377#Topic/economics> ; # Economics
    schema:about <http://dewey.info/class/330/> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/5054789377#Topic/debts_public_history> ; # Debts, Public--History
    schema:about <http://experiment.worldcat.org/entity/work/data/5054789377#Topic/debts_public> ; # Debts, Public
    schema:about <http://experiment.worldcat.org/entity/work/data/5054789377#Topic/schuldenkrise> ; # Schuldenkrise
    schema:about <http://experiment.worldcat.org/entity/work/data/5054789377#Topic/internationaler_kreditmarkt> ; # Internationaler Kreditmarkt
    schema:about <http://experiment.worldcat.org/entity/work/data/5054789377#Topic/staatsbankrott> ; # Staatsbankrott
    schema:about <http://experiment.worldcat.org/entity/work/data/5054789377#Topic/offentliche_schulden> ; # Öffentliche Schulden
    schema:alternateName "Political economy of sovereign debt" ;
    schema:author <http://experiment.worldcat.org/entity/work/data/5054789377#Person/roos_jerome> ; # Jerome Roos
    schema:bookFormat bgn:PrintBook ;
    schema:copyrightYear "2019" ;
    schema:datePublished "2019" ;
    schema:description "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."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/5054789377> ;
    schema:genre "History"@en ;
    schema:inLanguage "en" ;
    schema:name "Why not default? : the political economy of sovereign debt"@en ;
    schema:productID "1084541225" ;
    schema:workExample <http://worldcat.org/isbn/9780691180106> ;
    umbel:isLike <http://bnb.data.bl.uk/id/resource/GBB943931> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/1084541225> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/5054789377#Person/roos_jerome> # Jerome Roos
    a schema:Person ;
    schema:familyName "Roos" ;
    schema:givenName "Jerome" ;
    schema:name "Jerome Roos" ;
    .

<http://experiment.worldcat.org/entity/work/data/5054789377#Topic/debts_public_history> # Debts, Public--History
    a schema:Intangible ;
    schema:name "Debts, Public--History"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/5054789377#Topic/internationaler_kreditmarkt> # Internationaler Kreditmarkt
    a schema:Intangible ;
    schema:name "Internationaler Kreditmarkt"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/5054789377#Topic/offentliche_schulden> # Öffentliche Schulden
    a schema:Intangible ;
    schema:name "Öffentliche Schulden"@en ;
    .

<http://worldcat.org/isbn/9780691180106>
    a schema:ProductModel ;
    schema:isbn "0691180105" ;
    schema:isbn "9780691180106" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.