Today, states¿ ability to borrow private capital depends on stringent evaluations of their creditworthiness. While many presume that this has long been the case, Quentin Bruneau argues that it is a surprisingly recent phenomenon¿the outcome of a pivotal shift in the social composition of financial markets.
Today, states¿ ability to borrow private capital depends on stringent evaluations of their creditworthiness. While many presume that this has long been the case, Quentin Bruneau argues that it is a surprisingly recent phenomenon¿the outcome of a pivotal shift in the social composition of financial markets.