War and Government in Habsburg Spain, 1560–1620
نویسندگان
چکیده
منابع مشابه
Serial Defaults , Serial Profits : Returns to Sovereign Lending in Habsburg Spain , 1566 - 1600 *
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 assumptions. Lenders maintained long-term relationships with the crown. Losses sustained during default...
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ژورنال
عنوان ژورنال: Hispanic American Historical Review
سال: 1977
ISSN: 0018-2168,1527-1900
DOI: 10.1215/00182168-57.4.721