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Author Hinrichsen, Simon, 1989- author.

Title When nations can't default : a history of war reparations and sovereign debt / Simon Hinrichsen
Published Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2024
©2024

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Description 1 online resource (xxi, 217 pages) : illustrations
Series Studies in macroeconomic history
Studies in macroeconomic history.
Contents A framework for war reparations -- Sovereign debt -- Napoleonic wars reparations -- Haiti indemnity and sovereign debt -- Franco-Prussian War indemnities -- Smaller nineteenth 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 can't default
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. This book 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"-- Provided by the publisher
Bibliography Includes bibliographical references and index
Notes Simon Hinrichsen is an external associate professor at the University of Copenhagen. He was previously a visiting fellow at the London School of Economics
Description based on online resource; title from title screen (viewed February 27, 2024)
Subject War reparations.
War damage compensation -- Law and legislation.
Debts, External -- Law and legislation.
Debts, Public -- Law and legislation.
Debts, External -- Law and legislation.
Debts, Public -- Law and legislation.
Reparations for historical injustices.
War damage compensation -- Law and legislation.
War reparations.
Form Electronic book
ISBN 9781009343978
1009343971
9781009343930
1009343939
Other Titles When nations cannot default
When nations can not default