Book notes: States and the masters of capital, by Quentin Bruneau

Chronicling the practices and players involved in privately financed sovereign debt

Book_States and the Masters of Capital

Quentin Bruneau, States and the masters of capital: sovereign lending, old and new, Columbia University Press, December 2022, 240 pages

Written records of sovereign borrowing date back more than 2,000 years, but longer-term sovereign debt only became a regular feature in the late Middle Ages. The focus of Quentin Bruneau’s book is on the 19th and early 20th centuries (but presented in contrast to the form that cross-border private sector sovereign lending has taken since such lending re-emerged

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