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Contingent Sovereign Debt Contracts: The Historical Perspective

Drelichman, Mauricio; Voth, Hans-Joachim - In: CESifo DICE Report 11 (2013) 3, pp. 28-32

Persistent link: https://www.econbiz.de/10011696835

Funding empire : risk, diversification, and the underwriting of early modern sovereign loans

Drelichman, Mauricio; Voth, Hans-Joachim - In: Institutions, innovation, and industrialization : …, (pp. 129-147). 2015

Persistent link: https://www.econbiz.de/10011302376

Risk sharing with the monarch : contingent debt and excusable defaults in the age of Philip II, 1556 – 1598

Drelichman, Mauricio; Voth, Hans-Joachim - 2014 - This draft: October 2013

Contingent sovereign debt can create important welfare gains. Nonetheless, there is almost no issuance today. Using hand-collected archival data, we examine the first known case of large-scale use of state-contingent sovereign debt in history. Philip II of Spain entered into hundreds of...

Persistent link: https://www.econbiz.de/10010359994