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- Title
Repudiation in Antebellum Mississippi.
- Authors
THIES, CLIFFORD
- Abstract
The article discusses the importance of institutional arrangements to protect private debt. Topics discussed include Mississippi's default on interest payments to several creditors in 1840 as an example of repudiation of debt, the need for continued access to foreign capital as an incentive for countries and states to repay debt, and the development of institutional arrangements to motivate repayment, including independent judiciary.
- Subjects
MISSISSIPPI; PERSONAL loans; DEFAULT (Finance); FOREIGN investments; INSTITUTIONAL investments; JUDICIAL independence; MANAGEMENT; ECONOMICS; ECONOMIC history
- Publication
Independent Review, 2014, Vol 19, Issue 2, p191
- ISSN
1086-1653
- Publication type
Article