Gunboats, Reputation, and Sovereign Repayment: Lessons from the Southern Confederacy
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Many states that formed the Southern Confederacy defaulted on sovereign debt sold in international capital markets during the 1840s. The Confederacy also elected President Jefferson Davis, who openly advocated the repudiation of U.S. states' debts while a member of Congress. Despite its poor credit
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美国国家经济研究局创建时间：
2004-12-01
