Guano, Credible Commitments, and Sovereign Debt Repayment in Nineteenth-Century Peru
Datos Bibliográficos
| ID | 10104073 |
|---|---|
| Autores | Catalina Vizcarra (0000-0002-6022-7501, University of Vermont, autor de correspondencia) |
| Año | 2009 |
| Volumen | 69 |
| Número | 2 |
| Páginas | 358-387 |
| Fecha de publicación | 2009-05-26 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | The Journal of Economic History (JOURNAL) |
| Identificadores de la revista | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Editorial | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050709000813 |
| OpenAlex | W2124995573 |
| Idioma | EN |
| Citas recibidas | 22 |
| Referencias citadas | 32 |
Peru's experience with sovereign debt during the guano boom is one of the most remarkable in the nineteenth century. Despite the country's ongoing political instability and poor capital market reputation, the price of Peruvian bonds soared shortly after settlement in 1849, and the country enjoyed relatively low credit risk until the 1870s. This article discusses the incentives Peru and its creditors faced, and explains how Peru's extraordinary performance in financial markets was founded on its credible commitment to service its debt with the guano proceeds
Bond · Boom · Creditor · Debt · Economics · Financial system · Geography · Guano · Incentive · Market economy · Monetary economics · Political science · Reputation · Economic Theory and Policy · Finance · Global Financial Crisis and Policies · History and Politics in Latin America · Law
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Computation and analysis of multiple structural change models
Debt with Potential Repudiation
The Latin American Economies
The House of Gibbs and the Peruvian Guano Monopoly
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The Theory of Sovering Debt and Spain under Philip II
When the State is Untrustworthy
Constitutions and Commitment
Empire, Public Goods, and the Roosevelt Corollary
Peru and the British Guano Market, 1840-18701
The First Anglo-Peruvian Debt and its Settlement, 1822-49
The Search for Public Policy
Peru and the British Guano Market, 1840-1870
Brazil as a debtor, 1824-19311
The Imperialism of Free Trade
The Making of the Grace Contract
Finance, Trade, and Politics in British Foreign Policy, 1815-1914
A Primitive Export Sector
Between Silver and Guano
Peru
La deuda defraudada
Foreign Contractors and the Peruvian Government at the Outset of the Guano Trade
Inglorious Revolution
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| Obras citantes distintas | 22 |
|---|---|
| Citas por año | 1,29 |
| Intervalo de citas | 2009 - 2026 (18) |
| Velocidad de citación | current |
| Altamente citado | No |
| Tipos de cita | Neutras: 22 |