Lending to the Borrower from Hell
What the loans and defaults of a sixteenth-century Spanish king can tell us about sovereign debt today
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 a...
What the loans and defaults of a sixteenth-century Spanish king can tell us about sovereign debt today
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 a...
