Economics at your fingertips  

Baring, Wellington and the resurrection of French public finances following Waterloo

Kim Oosterlinck, Loredana Ureche-Rangau and Jacques-Marie Vaslin

Post-Print CEB, 2014, vol. 74, issue 4, 1072-1102

Abstract: Following Waterloo, managing French public finances represented a daunting task as the country had lost a substantial part of its population and territory and had to pay huge amounts as reparations to the victors. Despite this, in just ten years, France managed to issue substantial amounts of debt with a spread, compared to the British consol, falling from more than 400 to 100 basis points. We argue that the Duke of Wellington was key in creating an environment in which Baring had an incentive to lend to France and all actors had an incentive to see French debts reimbursed.

Date: 2014
Note: SCOPUS: re.j
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link) Œuvre complète ou partie de l'œuvre (application/pdf)

Related works:
Journal Article: Baring, Wellington and the Resurrection of French Public Finances Following Waterloo (2014) Downloads
Working Paper: Baring, Wellington and the resurrection of French public finances following Waterloo (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from ...

Access Statistics for this article

More articles in Post-Print CEB from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().

Page updated 2024-04-09
Handle: RePEc:sol:spaper:2013/205539