uu.seUppsala University Publications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The political economy of strategic default: Sweden and the international capital markets, 1810-1830
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Arts, Department of History.
2016 (English)In: European Review of Economic History, ISSN 1361-4916, E-ISSN 1474-0044, Vol. 20, no 4, 410-428 p.Article in journal (Refereed) Published
Abstract [en]

This article examines the commitment mechanisms which guided sovereign borrowing during the Napoleonic Wars by analyzing Sweden’s default on its external debt in 1812. The default was driven by internal political bargaining concerning the division of resources, and the availability of subsidies provided by the major European powers. Thus, the Swedish government and the Diet made strategic choices when deciding which debts to pay. The reputational mechanisms and the creditors’ attempts to force the Swedish state to honor its commitments did not work when the government had access to foreign subsidies.

Place, publisher, year, edition, pages
2016. Vol. 20, no 4, 410-428 p.
National Category
History Economic History
Research subject
History
Identifiers
URN: urn:nbn:se:uu:diva-307471DOI: 10.1093/ereh/hew009ISI: 000393065600002OAI: oai:DiVA.org:uu-307471DiVA: diva2:1047040
Funder
Riksbankens Jubileumsfond, P2010:60:1
Available from: 2016-11-16 Created: 2016-11-16 Last updated: 2017-04-04Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full text

Search in DiVA

By author/editor
Winton, Patrik
By organisation
Department of History
In the same journal
European Review of Economic History
HistoryEconomic History

Search outside of DiVA

GoogleGoogle Scholar

Altmetric score

Total: 321 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf