Lending to the Borrower from Hell: Debt, Taxes, and Default in the Age of Philip II, Drelichman Mauricio, Voth Hans-Joachim
Автор: Lamoreaux Naomi Название: Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New England ISBN: 052156624X ISBN-13(EAN): 9780521566247 Издательство: Cambridge Academ Рейтинг: Цена: 32730 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book, first published in 1994, explores the important role that insider lending played in the economic development of early nineteenth-century New England. Ironically, when banks began to lend more and more of their funds at arm`s length, information problems forced them to restrict their activities to short-term commercial lending.
Автор: Trumbull Название: Consumer Lending in France and America ISBN: 1107015650 ISBN-13(EAN): 9781107015654 Издательство: Cambridge Academ Рейтинг: Цена: 54910 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Why did America embrace consumer credit throughout the twentieth century, when most other countries did not? How did American policy makers by the late twentieth century come to believe that more credit would make even poor families better off? This book traces the historical emergence of modern consumer lending in America and France.
Автор: Drelichman Mauricio, Voth Hans-Joachim Название: Lending to the Borrower from Hell: Debt, Taxes, and Default in the Age of Philip II ISBN: 069117377X ISBN-13(EAN): 9780691173771 Издательство: Wiley Рейтинг: Цена: 23230 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: "Why do lenders time and again loan money to sovereign borrowers who promptly go bankrupt? When can this type of lending work? As the United States and many European nations struggle with mountains of debt, historical precedents can offer valuable insights. Lending to the Borrower from Hell looks at one famous case--the debts and defaults of Philip II of Spain. Ruling over one of the largest and most powerful empires in history, King Philip defaulted four times. Yet he never lost access to capital markets and could borrow again within a year or two of each default. Exploring the shrewd reasoning of the lenders who continued to offer money, Mauricio Drelichman and Hans-Joachim Voth analyze the lessons from this important historical example.Using detailed new evidence collected from sixteenth-century archives, Drelichman and Voth examine the incentives and returns of lenders. They provide powerful evidence that in the right situations, lenders not only survive despite defaults--they thrive. Drelichman and Voth also demonstrate that debt markets cope well, despite massive fluctuations in expenditure and revenue, when lending functions like insurance. The authors unearth unique sixteenth-century loan contracts that offered highly effective risk sharing between the king and his lenders, with payment obligations reduced in bad times.A fascinating story of finance and empire, Lending to the Borrower from Hell offers an intelligent model for keeping economies safe in times of sovereign debt crises and defaults"--
Казахстан, 010000 Нур-султан(Астана) р-он Сарыарка, ул. Маскеу, 40 , офис 202 ТОО "Логобук" Тел:+7(7172) 448953 , +7 707 857-29-98 www.logobook.kz