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The Economics of Sovereign Debt and Default
An integrated approach to the economics of sovereign default Fiscal crises and sovereign default repeatedly threaten the stability and growth of economies around the world. Mark Aguiar and Manuel Amador provide a unified and tractable theoretical framework that elucidates the key economics behind sovereign debt markets, shedding light on the frictions and inefficiencies that prevent the smooth functioning of these markets, and proposing sensible approaches to sovereign debt management. The Economics of Sovereign Debt and Default looks at the core friction unique to sovereign debt—the lack of strong legal enforcement—and goes on to examine additional frictions such as deadweight costs of ...
The Secret History of Costaguana
London, 1903. Joseph Conrad is struggling with his new novel ('I am placing it in South America in a Republic I call Costaguana'). Progress is slow and the great writer needs help from a native of the Caribbean coast of South America. José Altamirano, Colombian at birth, who has just arrived in London, answers the great writer's advertisement and tells him his life story. José has been witness to the most horrible things that a person or a country could suffer, and drags with him not just a guilty conscience but a story that has almost destroyed him.But when Nostromo is published the following year José is outraged by what he reads: 'You've eliminated me from my own life. You, Joseph Conr...
The Story of Panama
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Education, Conservatism, and the Rise of a Pedagogical Elite in Colombian Panama
This book historically reconstructs the conservative and moderate liberals’ views on governance, morality, and education within the context of La Regeneración (1878-1903) in Colombian Panama. de la Guardia Wald explores the way political theories and ideologies, especially conservatism and positivism, shaped late nineteenth-century Panamanian pedagogues’ conceptualizations of proper education for the sake of social regeneration. By demonstrating that Isthmian political and pedagogical debates went beyond the preoccupation for the realisation of classic liberalism and exploitation of Panama’s geographical views, this book challenges the perspective that Panamanian identity was a fabrication of the United States. Instead, this study reveals that the combination of positivist and conservative understandings of morality, reason, and good science defined governmental policies intended to recuperate and enhance civic values and nationalism, leading the way to progress and modernity.
Donegan and the Panama Canal
Donegan and the Panama Canal is a fictionalized, first person story of why and how the United States built a canal in Panama in 1903. This story is a sequel to Mr. Morrisseys previous novel of the Spanish-American War, Donegan and the Splendid Little War. No one had previously written an historical novel of either of these events. The title character of Donegan and the Panama Canal is Patrick Donegan (1875-1958), the son of Irish immigrants to Philadelphia. Donegan belatedly wrote this memoir in 1953, but his grandson Thomas Morrissey did not publish it for another fifty years. Patrick Donegan had previously served on a Spanish merchant ship for two years before its captain stranded him in S...
