Lending to the Borrower from Hell: Debt, Taxes, and Default in the Age of Philip II by Mauricio Drelichman, Hans-Joachim Voth

Lending to the Borrower from Hell: Debt, Taxes, and Default in the Age of Philip II

Mauricio Drelichman, Hans-Joachim Voth

328 pages • first pub 2014 (editions)

nonfiction economics history informative medium-paced
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What the loans and defaults of a sixteenth-century Spanish king can tell us about sovereign debt todayWhy do lenders time and again loan money to sovereign borrowers who promptly go bankrupt? When can this type of lending work? As the United State...

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