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When nations can't default : a history of war reparations and sovereign debt / Simon Hinrichsen, University of Copenhagen.
- Format:
- Book
- Author/Creator:
- Hinrichsen, Simon, 1989- author.
- Series:
- Studies in macroeconomic history
- Language:
- English
- Subjects (All):
- War reparations.
- War damage compensation--Law and legislation.
- War damage compensation.
- Reparations for historical injustices.
- Debts, Public--Law and legislation.
- Debts, Public.
- Debts, External--Law and legislation.
- Debts, External.
- Physical Description:
- 1 online resource (xxi, 217 pages) : digital, PDF file(s).
- Place of Publication:
- Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2024.
- Summary:
- War reparations have been large and small, repaid and defaulted on, but the consequences have almost always been significant. Ever since Keynes made his case against German reparations in The Economic Consequences of the Peace, the effects of transfer payments have been hotly debated. When Nations Can't Default tells the history of war reparations and their consequences by combining history, political economy, and open economy macroeconomics. It visits often forgotten episodes and tells the story of how reparations were mostly repaid - and when they were not. Analysing fifteen episodes of war reparations, this book argues that reparations are unlike other sovereign debt because repayment is enforced by military and political force, making it a senior liability of the state.
- Contents:
- A framework for war reparations
- Sovereign debt
- Napoleonic wars reparations
- Haiti indemnity and sovereign debt
- Franco-Prussian War indemnities
- Smaller 19th century war reparations
- German World War I reparations
- Russian and Bulgarian World War I reparations
- World War II reparations to the Soviet Bloc
- World War II reparations to the Allies
- Iraq Gulf War reparations
- When nations cannot default.
- Notes:
- Title from publisher's bibliographic system (viewed on 23 Oct 2023).
- Other Format:
- Print version:
- ISBN:
- 9781009343978 (ebook)
- Access Restriction:
- Restricted for use by site license.
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