The Disutility of International Debt: Analytical Results and Methodological Implications

Greg Hannsgen

Chapter 1 in Financial Developments in National and International Markets, 2006, pp 1-24 from Palgrave Macmillan

Abstract: Abstract Through most of history, even when interest payments were illegal, the costs of borrowing have been high (Anderson, 2004). Among these costs have been servile relations to the lender, moral opprobrium, and, in the event of default, harsh punishment and destitution. In recent times, these costs have been reduced throughout the industrialized world. The benefits have arguably included more widespread home ownership, a reduction in the barriers of entry to the small business sector, and the non-monetary advantages of a more egalitarian society.

Keywords: Interest Rate; Utility Function; Capital Market; International Monetary Fund; Foreign Capital (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: The Disutility of International Debt: Analytical Results and Methodological Implications (2005)
Working Paper: The Disutility of International Debt: Analytical Results and Methodological Implications (2005)
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: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52237-4_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230522374

DOI: 10.1057/9780230522374_1

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().