When Nations Can't Default

A History of War Reparations and Sovereign Debt

This book explores the economic effects of war reparations, with a focus on how sovereign debt has financed the transfers. Results have varied: from quick repayments of large reparations to catastrophic economic crises. The occurring theme across the book has been that enforcement of debt contracts has important consequences.

mai 2025, Studies in Macroeconomic History, Anglais
Cambridge Academic
978-1-009-34396-1

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