Within a few years of their liberation from Spanish rule in the 1820s, several of the new Spanish American republics floated loans in London's financial market. All the debtor nations, from Mexico to Chile, had defaulted within five years, a situation which resulted in their exclusion from European capital markets for much of the 19th century. Most studies of such debt approach the subject from the debtor's viewpoint, some arguing that the British government was an economic imperialist. Concentrating on Mexico, this book provides an important corrective, focusing on the creditors, the individual investors who risked their money to buy bonds. These investors ranged from country clergy to politicians of the rank of Benjamin Disraeli.
Thousands of investors lost their money due to Mexico's persistent defaults and failure to pay the promised dividends. They were represented by the Committee of Mexican Bondholders, a London based organization established in 1830 to negotiate a settlement of the debt with the Mexican government. Almost sixty years of futile discussions followed, with the debt rescheduled on several occasions until the final settlement in the 1880s. Costeloe analyzes the negotiations, the bond issues, the identity of the bondholders, the activities of the Committee, and the attitude of the British government. By concentrating on the creditor, he brings a new perspective to the whole issue of Third World or foreign debt in the 19th century.
"synopsis" may belong to another edition of this title.
Examines Mexico's first foreign debt from the viewpoint of the creditor, identifying bondholders and analyzing the financial hardship that resulted from repeated Mexican defaults.
"About this title" may belong to another edition of this title.
Book Description Book Condition: Brand New. Brand New Original US Edition, Perfect Condition. Printed in English. Excellent Quality, Service and customer satisfaction guaranteed!. Bookseller Inventory # AIND-15134
Book Description Book Condition: Brand New. New. US edition. Customer Satisfaction guaranteed!!. Bookseller Inventory # SHUB26027
Book Description Book Condition: New. New. US edition. Perfect condition. Ship by express service to USA, Canada, Australia, France, Italy, UK, Germany and Netherland. Customer satisfaction our priority. Bookseller Inventory # ABE-FEB-26027
Book Description Book Condition: New. Brand New Original US Edition.We Ship to PO BOX Address also. EXPEDITED shipping option also available for faster delivery. Bookseller Inventory # AUSBNEW-15134
Book Description Book Condition: Brand New. New, US edition. Excellent Customer Service. Bookseller Inventory # ABEUSA-26027
Book Description Praeger, 2003. Hardcover. Book Condition: New. Bookseller Inventory # DADAX0275979393
Book Description ABC-CLIO, 2003. HRD. Book Condition: New. New Book.Shipped from US within 10 to 14 business days.THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Bookseller Inventory # IP-9780275979393
Book Description Praeger, 2003. Hardcover. Book Condition: New. Bookseller Inventory # INGM9780275979393
Book Description Praeger, 2016. Paperback. Book Condition: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Bookseller Inventory # ria9780275979393_lsuk
Book Description ABC-CLIO, 2003. HRD. Book Condition: New. New Book. Delivered from our US warehouse in 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND.Established seller since 2000. Bookseller Inventory # IP-9780275979393