Contingent sovereign debt can create important welfare gains. Nonetheless, there is almost no issuance today. Using hand-collected archival data, we examine the first known case of large-scale use of state-contingent sovereign debt in history. Philip II of Spain entered into hundreds of contracts whose value and due date depended on verifiable, exogenous events such as the arrival of silver fle...

This research aims to find out the effect of technology capability, leadership support, and teamwork support on employee performance in Indonesian banking sector. The number samples this study was 300 bank employees. Data collection uses a questionnaire that is distributed online using Google Forms. measurement five-point Likert scale data processing Structural Equation Modelling (SEM). found h...

A traditional explanation for why sovereign countries repay debt is that they want to keep a good reputation so they can easily borrow more. This explanation does not hold if a country has access to an adequate means of savings regardless of the country’s past actions. With such access, a country gets only transient benefits from maintaining a good relationship with bankers, and such benefits c...