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 cont...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge ; New York ; Port Melbourne ; New Delhi ; Singapore
Cambridge University Press
2024
|
| Schriftenreihe: | Studies in macroeconomic history
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Zusammenfassung: | "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"-- |
| Beschreibung: | xxi, 217 Seiten Diagramme |
| ISBN: | 9781009343923 |
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Datensatz im Suchindex
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| adam_text | Contents List of Figures pagexv List of Tables Acknowledgements xvii xix Data and Replication xxi 1 2 Introduction 1.1 Defining War Reparations and Indemnities 1.2 War Finance and Sovereign Debt 1.3 Summary 6 10 A Framework for War Reparations 17 How to Finance Reparations Balance of Payments Terms of Trade A Terms of Trade Model 2.4.1 Growth after Wars 2.4.2 The Model 2.4.3 Equilibrium 2.4.4 Calibration 2.4.5 Results 19 2.1 2.2 2.3 2.4 3 1 2 22 25 26 28 32 35 36 38 Sovereign Debt 3.1 Sovereign Debt Defaults 3.1.1 When to Default 3.1.2 Frequency of Defaults 3.1.3 How to Default on Sovereign Debt 3.1.4 Costs of Sovereign Debt Default 3.2 Sovereign Debt Restructurings 3.3 Odious Debts xi 41 45 46 48 50 53 56 60
xii Contents 4.1 Terms of Trade 4.2 How France Paid Reparations 61 62 63 64 65 65 68 69 69 70 71 73 78 79 83 86 94 96 5 Haiti Indemnity and Sovereign Debt 6 Franco-Prussian War Indemnities 100 104 7 Smaller Nineteenth-Century War Reparations 112 112 113 113 115 116 120 122 124 126 3.4 A Practical Guide for Restructuring Sovereign Debt 3.4.1 The Fundamental Problem 3.4.2 The Restructuring Process 3.4.3 The Players 3.4.4 The Legal Aspects 3.5 A Sovereign Debt Model 3.5.1 Government 3.5.2 Firms 3.5.3 Households 3.5.4 Equilibrium 3.5.5 Default 3.5.6 Calibration 3.5.7 Sensitivity 3.6 Stylised Macroeconomic Facts about Sovereign Debt Defaults 3.7 The Sovereign Debt Default Set 4 Napoleonic Wars Reparations 7.1 Mexican-American War Reparations 7.2 Cretan War Reparations 7.3 Chinese Reparations to Japan and Britain 8 German World War I Reparations 8.1 Germany after the War 8.2 The Dawes Plan 8.3 The Young Plan 8.4 Enforcement of Reparations 8.5 Germany’s Sovereign Debt Default 9 Russian and Bulgarian World War I Reparations 10 World War II Reparations to the Soviet Bloc 10.1 Finnish Reparations to the Soviet Union 11 World War II Reparations to the Allies 11.1 German Reparations to Denmark 12 Iraq Gulf War Reparations 12.1 Historical Background 12.2 The Iran-Iraq War (1980-1988) 12.3 The Gulf War and Reparations (1988-1991) 12.4 Sanctions (1991-2003) 12.5 Terms of Iraqi Borrowing 12.6 The Iraq Sovereign Debt Restructuring 12.6.1 Iraqi Debts 130 133 134 139 142 144 147 149 157 160 163 167 169
Contents 12.6.2 Immunising Iraqi Assets and Reconciling Debts 12.6.3 Paris Club Negotiations 12.6.4 Non-Paris Club Bilateral Debt Negotiations 12.6.5 Commercial Debt Claims and Restructuring 12.7 Haircuts and Odious Debts xiii 170 174 177 179 184 13 When Nations Can’t Default 188 Appendix: Letter to Creditor Committees References Index 191 193 215
|
| adam_txt |
Contents List of Figures pagexv List of Tables Acknowledgements xvii xix Data and Replication xxi 1 2 Introduction 1.1 Defining War Reparations and Indemnities 1.2 War Finance and Sovereign Debt 1.3 Summary 6 10 A Framework for War Reparations 17 How to Finance Reparations Balance of Payments Terms of Trade A Terms of Trade Model 2.4.1 Growth after Wars 2.4.2 The Model 2.4.3 Equilibrium 2.4.4 Calibration 2.4.5 Results 19 2.1 2.2 2.3 2.4 3 1 2 22 25 26 28 32 35 36 38 Sovereign Debt 3.1 Sovereign Debt Defaults 3.1.1 When to Default 3.1.2 Frequency of Defaults 3.1.3 How to Default on Sovereign Debt 3.1.4 Costs of Sovereign Debt Default 3.2 Sovereign Debt Restructurings 3.3 Odious Debts xi 41 45 46 48 50 53 56 60
xii Contents 4.1 Terms of Trade 4.2 How France Paid Reparations 61 62 63 64 65 65 68 69 69 70 71 73 78 79 83 86 94 96 5 Haiti Indemnity and Sovereign Debt 6 Franco-Prussian War Indemnities 100 104 7 Smaller Nineteenth-Century War Reparations 112 112 113 113 115 116 120 122 124 126 3.4 A Practical Guide for Restructuring Sovereign Debt 3.4.1 The Fundamental Problem 3.4.2 The Restructuring Process 3.4.3 The Players 3.4.4 The Legal Aspects 3.5 A Sovereign Debt Model 3.5.1 Government 3.5.2 Firms 3.5.3 Households 3.5.4 Equilibrium 3.5.5 Default 3.5.6 Calibration 3.5.7 Sensitivity 3.6 Stylised Macroeconomic Facts about Sovereign Debt Defaults 3.7 The Sovereign Debt Default Set 4 Napoleonic Wars Reparations 7.1 Mexican-American War Reparations 7.2 Cretan War Reparations 7.3 Chinese Reparations to Japan and Britain 8 German World War I Reparations 8.1 Germany after the War 8.2 The Dawes Plan 8.3 The Young Plan 8.4 Enforcement of Reparations 8.5 Germany’s Sovereign Debt Default 9 Russian and Bulgarian World War I Reparations 10 World War II Reparations to the Soviet Bloc 10.1 Finnish Reparations to the Soviet Union 11 World War II Reparations to the Allies 11.1 German Reparations to Denmark 12 Iraq Gulf War Reparations 12.1 Historical Background 12.2 The Iran-Iraq War (1980-1988) 12.3 The Gulf War and Reparations (1988-1991) 12.4 Sanctions (1991-2003) 12.5 Terms of Iraqi Borrowing 12.6 The Iraq Sovereign Debt Restructuring 12.6.1 Iraqi Debts 130 133 134 139 142 144 147 149 157 160 163 167 169
Contents 12.6.2 Immunising Iraqi Assets and Reconciling Debts 12.6.3 Paris Club Negotiations 12.6.4 Non-Paris Club Bilateral Debt Negotiations 12.6.5 Commercial Debt Claims and Restructuring 12.7 Haircuts and Odious Debts xiii 170 174 177 179 184 13 When Nations Can’t Default 188 Appendix: Letter to Creditor Committees References Index 191 193 215 |
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| spelling | Hinrichsen, Simon 1989- Verfasser (DE-588)1317687647 aut When nations can't default a history of war reparations and sovereign debt Simon Hinrichsen When nations cannot default When nations can not default Cambridge ; New York ; Port Melbourne ; New Delhi ; Singapore Cambridge University Press 2024 xxi, 217 Seiten Diagramme txt rdacontent n rdamedia nc rdacarrier Studies in macroeconomic history "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"-- Geschichte gnd rswk-swf Reparationen (DE-588)4177802-9 gnd rswk-swf Öffentliche Schulden (DE-588)4043153-8 gnd rswk-swf War reparations War damage compensation / Law and legislation Reparations for historical injustices Debts, Public / Law and legislation Debts, External / Law and legislation Reparationen (DE-588)4177802-9 s Öffentliche Schulden (DE-588)4043153-8 s Geschichte z DE-604 Erscheint auch als Online-Ausgabe, eBook 9781009343978 Digitalisierung BSB München - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=034782693&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Hinrichsen, Simon 1989- When nations can't default a history of war reparations and sovereign debt Reparationen (DE-588)4177802-9 gnd Öffentliche Schulden (DE-588)4043153-8 gnd |
| subject_GND | (DE-588)4177802-9 (DE-588)4043153-8 |
| title | When nations can't default a history of war reparations and sovereign debt |
| title_alt | When nations cannot default When nations can not default |
| title_auth | When nations can't default a history of war reparations and sovereign debt |
| title_exact_search | When nations can't default a history of war reparations and sovereign debt |
| title_exact_search_txtP | When nations can't default a history of war reparations and sovereign debt |
| title_full | When nations can't default a history of war reparations and sovereign debt Simon Hinrichsen |
| title_fullStr | When nations can't default a history of war reparations and sovereign debt Simon Hinrichsen |
| title_full_unstemmed | When nations can't default a history of war reparations and sovereign debt Simon Hinrichsen |
| title_short | When nations can't default |
| title_sort | when nations can t default a history of war reparations and sovereign debt |
| title_sub | a history of war reparations and sovereign debt |
| topic | Reparationen (DE-588)4177802-9 gnd Öffentliche Schulden (DE-588)4043153-8 gnd |
| topic_facet | Reparationen Öffentliche Schulden |
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