Debt Cycles in the World-Economy: Foreign Loans, Financial Crises, and Debt Settlements, 1820-1990

ISBN-13: 9780367016593 / Angielski / Twarda / 2019 / 247 str.

Christian Suter

Opis

This book aims at describing and explaining the long-term dynamics of Third World debt during the nineteenth and twentieth centuries, with a focus on the various specific historical patterns of foreign loans, financial crises, and debt settlements.

Spis treści

Preface -- Introduction -- Periphery Indebtedness in the World-Economy -- External Debt of Sovereign Borrowers: Seven Approaches -- Structural Features and Long-Term Processes of the World-System -- Dynamics of Global Debt Cycles: A Theoretical Model -- Empirical Evidence of Global Debt Cycles -- Capital Exports from the Core and Foreign Loans Raised by the Periphery -- Global Debt Crises -- The Pattern of Debt Settlements -- Case Studies: The Debt Histories of Peru, Liberia and Turkey -- Selection of the Country Case Studies: Methodological Considerations -- Peru: The Classical Case -- Liberia: An Enclave Economy at the Extreme Periphery -- Ottoman Empire/Turkey: From World-Empire to Periphery -- Conclusion -- Appendix: Time Series of Data on Global Debt Crises, 1823-1989