The Odious Haitian Independence Debt

نویسندگان

چکیده

This article introduces the Haitian Independence Debt of 1825 to odious debt and sovereign literatures. We argue that legal doctrine is surprisingly perhaps indefensibly narrow possibly because historical contingency rather than any underlying logic or principle. The story serves as an illustrative case study. In context telling story, we provide estimates evolution Haiti’s external debt-to-GDP ratio over 1825-2020, discuss implications independence for economy Haiti. conclude by discussing possibilities Haiti recover compensation.

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Democracy , capital flows , and odious debt

This paper relates democracy, public and private international capital flows, and odious debt. Democracy commits a ruler to pass borrowed funds on to the private sector which builds the country’s international collateral, and the consequent rise in the credit ceiling is a Pareto-improvement up to a point because the ruler can appropriate a smaller share of rising loan. However, the ruler may st...

متن کامل

Debt, inflation and central bank independence

Increasing the independence of a central bank from political influence, although ex-ante socially beneficial and initially successful in reducing inflation, would ultimately fail to lower inflation permanently. The smaller anticipated policy distortions implemented by a more independent central bank would induce the fiscal authority to decrease current distortions by increasing the deficit. Ove...

متن کامل

Does Board Independence Reduce the Cost of Debt?

Using the passage of the Sarbanes-Oxley Act and the associated change in listing standards as a natural experiment, we find that while board independence decreases the cost of debt when credit conditions are strong or leverage low, it increases the cost of debt when credit conditions are poor or leverage high. We also document that independent directors set corporate policies that increase firm...

متن کامل

Comparisons can be odious

When I first started working in the field of epilepsy, over 25 years ago, therapeutic options were much more limited than they are today. Surgery had not yet reached an established place in the management of intractable epilepsy and the pharmaceutical industry seemed little interested in producing better drugs for treating the condition with fewer side-effects. By comparison, with the pressure ...

متن کامل

On Excess of the Odious Primes

We give a more strong heuristic justification of our conjecture on the excess of the odious primes.

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Social Science Research Network

سال: 2021

ISSN: ['1556-5068']

DOI: https://doi.org/10.2139/ssrn.3894623