Diary of a Default

Moshe Milevsky

Chapter Chapter 6 in The Day the King Defaulted, 2017, pp 121-191 from Springer

Abstract: Abstract Describes the (day-by-day) events surrounding the Stop of the Exchequer, from April 1667, just prior to George Downing becoming secretary, to default itself in the year 1672 until the final resolution 34 years later. Presents a list of all the goldsmith-bankers who were creditors of the Crown and concludes with a careful analysis of the internal rate of return (IRR) from the collateralized treasury orders (CTOs) during the 1672–1706 period, when they were finally merged into the national debt.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-59987-8_6

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DOI: 10.1007/978-3-319-59987-8_6

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