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Pawned States: State Building in the Era of International Finance.
- Source :
- Journal of Economic History; Dec2022, Vol. 82 Issue 4, p1231-1233, 3p
- Publication Year :
- 2022
-
Abstract
- An "easy money curse" followed: governments that borrowed not to tax had to agree with extreme conditionalities that transferred assets to foreign creditors, leaving the state short of funds to honor its debts. Without access to the London market, the Chilean government taxed income to finance the War of the Pacific. [Extracted from the article]
Details
- Language :
- English
- ISSN :
- 00220507
- Volume :
- 82
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Journal of Economic History
- Publication Type :
- Academic Journal
- Accession number :
- 160557031
- Full Text :
- https://doi.org/10.1017/S0022050722000432