Sovereign Debt Diplomacies

This book skillfully brings sovereign debt out of the corners of wonky international finance and into the world of international studies, where diplomacy, history, and globalization intersect with government borrowing and long-term debt. * B. Roman, CHOICE *A go-to source for innovative scholarship by the most recent generation of sovereign debt scholars … The book very much repays reading. * Barry Eichengreen, OEconomia *This work provides a strikingly innovative analysis of sovereign debt, by explaining why international finance is eminently political. The wide range of historical cases included here focus on the study of conflicts and disputes which demonstrate the scarcity of rules governing international lending and borrowing. The subject urgently requires reflection and action today as the volume of public debt explodes. * Carlos Marichal, Emeritus Professor of Economic History, El Colegio de México *The editors have assembled an essential volume, which fills gaps in our understanding of sovereign debt, its place in economic history and international politics. The colonial project has malingered between the lines of contemporary sovereign debt discourse. This volume brings it to the foreground with analytical rigor and interdisciplinary creativity. It is an exceptionally sophisticated, yet accessible, examination of the debt relationship, and the commitments it extracts from both debtors and creditors over time. This perspective is particularly indispensable now, when researchers and policy makers are prone to treat China’s ascendance as creditor, and the decline of international institutions dominated by the trans-Atlantic powers, as challenges without precedent in economic history. * Anna Gelpern, Professor of Law and Agnes N. Williams Research Professor, Georgetown University Law Center *

Juan Flores Zendejas has a PhD in Economics from Sciences Po Paris. Before joining the Department of History, Economics, and Society at the University of Geneva as an Associate Professor in 2008, Flores Zendejas held a tenure-track position at the University Carlos III in Madrid (Spain). He has been invited professor in other universities in Mexico, Spain, Uruguay, and Switzerland. He has also worked for the Mexican Government and as externalconsultant to the Mexican Senate, to the private sector, and to the OECD. Flores Zendejas works on financial crises and sovereign defaults in a long-term perspective, and on the economic history of Latin America.

Pierre Pénet holds a PhD in Sociology from Northwestern University and Sciences Po Paris (2014). He is a CNRS researcher at the École Normale Supérieure Paris-Saclay (IDHES) and a former Fellow at the Paris Institute for Advanced Study (2019-20). His expertise straddles the boundaries of economic sociology and the history of quantification. He has worked extensively on topics of credit rating agencies, the European debt crisis, austerity pro- grammes, andthe legal doctrine of odious debt. His work has been published by the British Journal of Sociology, European Journal of Sociology, Poetics, Sociologie du Travail, etc. His forthcoming book on financial prophecies will study the economistswho claim to have predicted the 2008 financial crisis.