Lending Resumption After Default : Lessons from Capital Markets During the 19th Century /
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...
| Main Author: | |
|---|---|
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2006.
|
| Series: | IMF Working Papers; Working Paper ;
No. 2006/176 |
| Online Access: | Full text available on IMF |