Small money, big problems
How an investigation on small Latin American republics shaped the financial market for sovereign debt in the 19th century
Bibliographic Data
| ID | 4072402 |
|---|---|
| Authors | José Augusto Ribas Miranda (0000-0003-2034-7522, Pontifícia Universidade Católica do Rio Grande do Sul, corresponding author) |
| Year | 2017 |
| Volume | 30 |
| Issue | 60 |
| Pages | 55-70 |
| Publication date | 2017-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Estudos Históricos (Rio de Janeiro (JOURNAL) |
| Journal identifiers | ISSN: 0103-2186 • E-ISSN: 2178-1494 |
| Publisher | FapUNIFESP (SciELO) (PUBLISHER) |
| DOI | 10.1590/s2178-14942017000100004 |
| OpenAlex | W2613231511 |
| SCIELO_PID | S0103-21862017000100055 |
| Language | EN |
| Citations received | 1 |
| References cited | 8 |
In 1875 the British Parliament set up a Committee to investigate frauds on loans underwritten by British and French banks to the Republics of Honduras, Costa Rica, Santo Domingo and Paraguay, reaching an amount of £12 million. The reports of the Committee and the press coverage issue revealed financial malpractices by banks and diplomats in order to induce millionaire defaults at expense of the bondholders, whilst the loan agents were living in luxuriant mansions in southern France. After the investigation, these shoddy practices were exposed to the public, reshaping the loan business for the rest of the century
Business · Debt · Default · Economic history · Economics · Financial market · Financial system · Latin Americans · Loan · Order (exchange) · Parliament · Political science · Small business · Sovereignty · Underwriting · Caribbean history, culture, and politics · Finance · Law
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,25 |
| Citation span | 2022 - 2022 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |