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Book review: rethinking sovereign debt: politics, reputation and legitimacy in modern finance by Odette Lienau

Phillips, Lauren M. (2014) Book review: rethinking sovereign debt: politics, reputation and legitimacy in modern finance by Odette Lienau. LSE Review of Books (23 May 2014) Blog Entry.

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Abstract

Rethinking Sovereign Debt explores how sovereign debt continuity – the rule that nations should repay loans even after a major regime change, or expect reputational consequences – became the consensus approach. Odette Lienau contends that the practice is not essential for functioning international capital markets and demonstrates how it relies on ideas of absolutist government that have come under fire over the last century. Despite some shortcomings this remains an interesting, highly readable, and convincingly argued book about the norms that govern sovereign debt, writes Lauren M. Phillips. Lienau has made an important contribution to the literature on sovereign debt, adding nuance to existing studies in international political economy and related disciplines.

Item Type: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/lsereviewofbooks/
Additional Information: © 2014 The Author
Library of Congress subject classification: H Social Sciences > H Social Sciences (General)
H Social Sciences > HC Economic History and Conditions
Sets: Departments > International Relations
Collections > LSE Review of Books
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 04 Jul 2014 11:58
URL: http://eprints.lse.ac.uk/57496/

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