- We will send in 10–14 business days.
/images/books/3006866/9780300139273.jpg)
- Author: William R Summerhill
- Publisher: Yale University Press
- ISBN-10: 0300139276
- ISBN-13: 9780300139273
- Format: 15.5 x 23.6 x 2.5 cm, hardcover
- Language: English
- SAVE -10% with code: EXTRA
Reviews
Description
Nineteenth-century Brazil's constitutional monarchy credibly committed to repay sovereign debt, borrowing repeatedly in international and domestic capital markets without default. Yet it failed to lay the institutional foundations that private financial markets needed to thrive. This study shows why sovereign creditworthiness did not necessarily translate into financial development.
"Using a vast array of archival evidence, Summerhill convincingly shows that political commitment to a secure public debt was neither necessary nor sufficient to insure financial development in nineteenth-century Brazil. A must-read for economic and financial historians and for anyone interested in the politics of financial development." --Jean-Laurent Rosenthal, California Institute of TechnologyEXTRA 10 % discount with code: EXTRA
The promotion ends in 11d.02:12:08
The discount code is valid when purchasing from 10 €. Discounts do not stack.
- Author: William R Summerhill
- Publisher: Yale University Press
- ISBN-10: 0300139276
- ISBN-13: 9780300139273
- Format: 15.5 x 23.6 x 2.5 cm, hardcover
- Language: English English
Nineteenth-century Brazil's constitutional monarchy credibly committed to repay sovereign debt, borrowing repeatedly in international and domestic capital markets without default. Yet it failed to lay the institutional foundations that private financial markets needed to thrive. This study shows why sovereign creditworthiness did not necessarily translate into financial development.
"Using a vast array of archival evidence, Summerhill convincingly shows that political commitment to a secure public debt was neither necessary nor sufficient to insure financial development in nineteenth-century Brazil. A must-read for economic and financial historians and for anyone interested in the politics of financial development." --Jean-Laurent Rosenthal, California Institute of Technology
Reviews