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Conventional wisdom holds that all nations must repay debt. Regardless of the legitimacy of the regime that signs the contract, a country that fails to honor its obligations damages its reputation. Yet should today's South Africa be responsible for apartheid-era debt? Is it reasonable to tether postwar Iraq with Saddam Hussein's excesses? Rethinking Sovereign Debt is a probing analysis of how sovereign debt continuity--the rule that nations should repay loans even after a major regime change, or else expect consequences--became dominant. Odette Lienau contends that the practice is not essential for functioning capital markets, and demonstrates its reliance on absolutist ideas that have come ...
This book describes the establishment, evolution, and international links of the extreme right in one of the main Western European areas. Andrea Mammone details the long journey in the development of right-wing extremism in France and Italy, emphasizing the transfer, exchange, and borrowing of ideals, personnel, and strategies, and the similarities among neofascist movements, activists, and thinkers across national boundaries from 1945 to the present day - including the Cold War years, the election of the European Parliament in 1979, and the 2014 EU elections. Mammone analyzes the adaptation of neofascism in society and politics; the building of international associations and pan-national networks; and the right-leaning responses to the defeat of fascism, European integration, decolonization, the events of 1968, immigration, and the recent EU-led austerity politics. As a book implicitly on space, borders, and belonging, it shows how some nationalisms may embody a transnational dimension and, at times, even pan-European stances.
Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the worst sovereign default in history. Bankers and Bolsheviks tells the dramatic story of this boom and bust, chronicling the forgotten experiences of leading financiers of the age. Shedding critical new light on the decision making of the powerful personalities who acted as the gatekeepers of international finance, Hassan Malik narrates how they channeled foreign capital into Russia in the late nineteenth and early twentieth centuries. While economists have long relied on quantitative analysis to grapple with questions relating to the drivers of cross-border capital flows, Malik adopts a hi...
The banking systems of eastern Europe and the states of the former Soviet Union have undergone dramatic change in recent years. This is the first book to provide a practical overview of the banking systems in the region. It describes the changes that have occurred and the differences that still remain. The author provides a full account of the various financial centres and the diversity of products that are available, including currencies, bonds, stocks, futures, coupons and certificates. The book covers financial internediaries, savings protection and corporate governance and concludes with a look at potential future developments. It will be essential reading for corporates, bankers, fund managers, investors and advisers involved in the region.
The First World War was a watershed in the evolution of warfare, politics, economics, and the social sphere. One persistent topic in the historiography of the war is how contemporaries perceived the war's outbreak and its course. Tobias A. Jopp contributes to the related research from a new angle by analysing a quantitative source of perception that has hitherto been largely neglected, namely, the prices at which sovereign bonds were traded in the financial markets. Sovereign bond prices can be understood as a real-time opinion poll conducted among bondholders as to how the borrowing countries fared considering the war's implications for public finances. Specifically, the author investigates the Amsterdam Stock Exchange between 1914 and 1919. The empirical analysis derives and discusses perceived turning points and asks how bondholders perceived the established alliances' credibility.
Cet ouvrage est une réédition numérique d’un livre paru au XXe siècle, désormais indisponible dans son format d’origine.
Nous avons tous entendu parler de ces nazis, cachés de par le monde, s'évadant à grand tapage, gênant diplomates et gouvernements. Nous connaissons tous Hess, prisonnier solitaire de la forteresse de Spandau, gardé par Américains, Anglais, Russes et Français. Dérisoire survivance d'un passé révolu ? Derniers soubresauts d'un nazisme agonisant ? Non. LES NAZIS SONT TOUJOURS PARMI NOUS. Savez-vous que, dans le monde entier, des hommes et des femmes jeunes se réunissent sous l'emblème de la croix gammée ? Savez-vous que partout s'organisent des maniaques de la feuille ronéotypée à la gloire du Führer ? Savez-vous que LE DANGER N'EST PAS MORT, QUE LES SLOGANS RESURGISSENT SUR VO...
Pendant deux ans, le journaliste Frédéric Laurent a patiemment remonté les filières de cet « Orchestre noir » dont les activités contre la liberté et la démocratie ne semblent pas connaître des frontières. En France, en Italie, au Portugal, en Grèce et ailleurs, il a rencontré des magistrats, et même des policiers et des officiers indignés par les appuis dont les réseaux néo-fascistes bénéficient souvent au sein des services secrets officiels. Grâce à leur aide et aux documents — souvent inédits — qu'ils ont accepté de lui communiquer, Frédéric Laurent retrace ici l'histoire de l'activisme d'extrême-droite en Europe du Sud depuis la guerre. Partout, le scénario...
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