| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18363 |
| 来源ID | Working Paper 18363 |
| Sovereign Debt in Latin America, 1820-1913 | |
| Gerardo della Paolera; Alan M. Taylor | |
| 发表日期 | 2012-09-06 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | This paper examines sovereign lending to Latin America and the Caribbean from 1820 to 1913. We examine four waves of capital flows where defaults were followed by a return to market access. In spite of extended default, countries kept promising high returns that attracted international investors again and again: financial autarky thus gave way to eras of high integration to global markets as measured by sovereign risk pricing. We discuss imperfections of the sovereign debt institutional context in the region and discuss a menu of options that some countries used to seek funds in the global financial markets after defaults. The parallel with the modern Latin American and Caribbean sovereign bond market experience is striking. |
| 主题 | International Economics ; International Finance ; Public Economics ; National Fiscal Issues ; History ; Macroeconomic History ; Financial History ; Other History |
| URL | https://www.nber.org/papers/w18363 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576039 |
| 推荐引用方式 GB/T 7714 | Gerardo della Paolera,Alan M. Taylor. Sovereign Debt in Latin America, 1820-1913. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18363.pdf（634KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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