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After 1688, Britain underwent a revolution in public finance, and the cost of borrowing declined sharply. Leading scholars have argued that easier credit for the government, made …

What the loans and defaults of a sixteenth-century Spanish king can tell us about sovereign debt todayWhy do lenders time and again loan money to sovereign borrowers who promptly …

After 1688, Britain underwent a revolution in public finance, and the cost of borrowing declined sharply. Leading scholars have argued that easier credit for the government, made …