Lending resumption after default : lessons from capital markets during the 19th century / prepared by Juan Solé

This paper mines the experience of capital markets during the 19th century to propose an alternative way of interpreting international default episodes. The standard view is that defaulting on sovereign debt entails exclusion from capital markets. Yet we have observed multiple instances of sovereign...

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Bibliographic Details

Online Access:	Full Text (via ProQuest)
Main Author:	Solé, Juan (Author)
Format:	eBook
Language:	English
Published:	[Washington, D.C.] : International Monetary Fund, ©2006.
Series:	IMF working paper (Online) ; WP/06/176.
Subjects:	Debts, Public. Default (Finance)