Recommended readings (Machine generated): Robert J. Barro (1974), 'Are Government Bonds Net Wealth?', Journal of Political Economy, 82 (6), November-December, 1095-117 -- Robert J. Barro (1979), 'On the Determination of the Public Debt', Journal of Political Economy, 87 (5, Part 1), October, 940-71 -- Martin Feldstein (1985), 'Debt and Taxes in the Theory of Public Finance', Journal of Public Economics, 28 (2), November, 233-45 -- Jonathan Eaton and Mark Gersovitz (1981), 'Debt with Potential Repudiation: Theoretical and Empirical Analysis', Review of Economic Studies, XLVII (2), April, 289-309 -- Jonathan Eaton, Mark Gersovitz and Joseph E. Stiglitz (1986), 'The Pure Theory of Country Risk', European Economic Review, 30 (3), June, 481-513 -- Herschel I. Grossman and John B. Van Huyck, (1988), 'Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation', American Economic Review, 78 (5), December, 1088-97 -- Jeremy Bulow and Kenneth Rogoff (1989), 'Sovereign Debt: Is to Forgive to Forget?', American Economic Review, 79 (1), March, 43-50 -- Jeremy Bulow and Kenneth Rogoff (1989), 'A Constant Recontracting Model of Sovereign Debt', Journal of Political Economy, 97 (1), February, 155-78 -- Harold L. Cole and Patrick J. Kehoe (1998), 'Models of Sovereign Debt: Partial Versus General Reputations', International Economic Review, 39 (1), February, 55-70 -- Kenneth M. Kletzer and Brian D. Wright (2000), 'Sovereign Debt as Intertemporal Barter', American Economic Review, 90 (3), June, 621-39 -- John M. Veitch (1986), 'Repudiations and Confiscations by the Medieval State', Journal of Economic History, 46 (1), March, 31-6 -- J. Bradford De Long and Andrei Shleifer (1993), 'Princes and Merchants: European City Growth Before the Industrial Revolution', Journal Of Law and Economics, XXXVI (2), October, 671-702 -- James Conklin (1998), 'The Theory of Sovereign Debt and Spain under Philip II', Journal of Political Economy, 106 (3), June, 483-513 -- Mauricio Drelichman and Hans-Joachim Voth (2010), 'The Sustainable Debts of Philip II: A Reconstruction of Castile's Fiscal Position, 1566-1596', Journal of Economic History, 70 (4), December, 813-42 -- Mauricio Drelichman and Hans-Joachim Voth (2011), 'Lending to the Borrower from Hell: Debt and Default in the Age of Philip II', Economic Journal, 121 (557), December, 1205-27, technical appendix -- Mauricio Drelichman and Hans-Joachim Voth (2011), 'Serial Defaults, Serial Profits: Returns to Sovereign Lending in Habsburg Spain, 1566-1600', Explorations in Economic History, 48 (1), January, 1-19 -- Mauricio Drelichman and Hans-Joachim Voth (2015), 'Risk Sharing with the Monarch: Contingent Debt and Excusable Defaults in the Age of Philip II, 1556-1598', Cliometrica, 9 (1), January, 49-75 -- Earl J. Hamilton (1947), 'Origin and Growth of the National Debt in Western Europe', American Economic Review, 37 (2), May, 118-30 -- David R. Weir (1989), 'Tontines, Public Finance, and Revolution in France and England, 1688-1789', Journal of Economic History, 49 (1), March, 95-124.