Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10005300011
Persistent link: https://www.econbiz.de/10005323364
Persistent link: https://www.econbiz.de/10005323388
Philip II of Spain accumulated debts equivalent to 60% of GDP. He also defaulted four times on his short-term loans, thus becoming the first serial defaulter in history. Contrary to a common view in the literature, we show that lending to the king was profitable even under worst-case scenario...
Persistent link: https://www.econbiz.de/10008865614