Why Not Default?: The Political Economy Of Sovereign Debt - 9780691180106

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.

• | Author: Jerome Roos
• | Publisher: Princeton University Press
• | Publication Date: Feb 12, 2019
• | Number of Pages: 416 pages
• | Language: English
• | Binding: Hardcover/Business & Economics
• | ISBN-10: 0691180105
• | ISBN-13: 9780691180106