Small Money, Big Problems: How an investigation on small Latin American republics shaped the financial market for sovereign debt in the 19th century

Detalhes bibliográficos
Autor(a) principal: Miranda, José Augusto Ribas
Data de Publicação: 2017
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Estudos Históricos (Rio de Janeiro)
Texto Completo: https://periodicos.fgv.br/reh/article/view/65475
Resumo: In 1875 the British Parliament set up a Committee to investigate frauds on loans underwritten by British and French banks to the Republics of Honduras, Costa Rica, Santo Domingo and Paraguay, reaching an amount of £12 million. The reports of the Committee and the press coverage issue revealed financial malpractices by banks and diplomats in order to induce millionaire defaults at expense of the bondholders, whilst the loan agents were living in luxuriant mansions in southern France. After the investigation, these shoddy practices were exposed to the public, reshaping the loan business for the rest of the century.
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spelling Small Money, Big Problems: How an investigation on small Latin American republics shaped the financial market for sovereign debt in the 19th centuryPequeño dinero, grandes problemas: cómo una investigación sobre las pequeñas repúblicas latinoamericanas moldeó el mercado financiero de la deuda soberana en el siglo XIXPequeno dinheiro, grandes problemas: como uma investigação sobre pequenas repúblicas latino-americanas moldou o mercado financeiro da dívida pública no século XIXLatin Americahigh financecorruption.América Latinafinanzascorrupción.América Latinafinançascorrupção.In 1875 the British Parliament set up a Committee to investigate frauds on loans underwritten by British and French banks to the Republics of Honduras, Costa Rica, Santo Domingo and Paraguay, reaching an amount of £12 million. The reports of the Committee and the press coverage issue revealed financial malpractices by banks and diplomats in order to induce millionaire defaults at expense of the bondholders, whilst the loan agents were living in luxuriant mansions in southern France. After the investigation, these shoddy practices were exposed to the public, reshaping the loan business for the rest of the century.En 1875 el Parlamento británico estableció un comité para investigar el fraude en los préstamos contraídos por las Repúblicas de Honduras, Costa Rica, Santo Domingo y Paraguay en una cantidad de £12 millones. Los informes de la Comisión y la cobertura de la prensa revelaron prácticas ilegales de los bancos y diplomáticos que buscaban inducir moratorias millonarias a expensas de los inversores y los presupuestos de las Repúblicas, mientras que los negociadores vivían en lujosos castillos en Francia. Después de estas investigaciones, las prácticas fraudulentas fueron expuestas al público, transformando el mercado de préstamos para el resto del siglo 19.Em 1875 o Parlamento britânico instaurou um Comitê para investigar fraudes cometidas em empréstimos subscritos por bancos britânicos e franceses para as repúblicas de Honduras, Costa Rica, Santo Domingo e Paraguai em um montante de £12 milhões. Os relatórios do Comitê e a cobertura da imprensa especializada revelaram usuais práticas ilegais de bancos e diplomatas buscando induzir moratórias milionárias à custa dos investidores e dos orçamentos dos Estados envolvidos, enquanto os negociadores compravam luxuosos castelos no sul da França. Após as investigações essas práticas fraudulentas foram expostas ao público, transformando o mercado de empréstimos soberanos pelo resto do século XIX.Editora FGV2017-04-17info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://periodicos.fgv.br/reh/article/view/65475Revista Estudos Históricos; Vol. 30 No. 60 (2017): Global and Transnational Approaches; 55-70Revista Estudos Históricos; v. 30 n. 60 (2017): Perspectivas Globais e Transnacionais; 55-702178-14940103-2186reponame:Estudos Históricos (Rio de Janeiro)instname:Fundação Getulio Vargas (FGV)instacron:FGVenghttps://periodicos.fgv.br/reh/article/view/65475/65429Copyright (c) 2017 Revista Estudos Históricosinfo:eu-repo/semantics/openAccessMiranda, José Augusto Ribas2017-09-06T14:30:16Zoai:ojs.periodicos.fgv.br:article/65475Revistahttps://periodicos.fgv.br/rehONGhttps://periodicos.fgv.br/reh/oai||biblioteca.digital@fgv.br||eh@fgv.br2178-14940103-2186opendoar:2024-03-06T13:02:06.675390Estudos Históricos (Rio de Janeiro) - Fundação Getulio Vargas (FGV)true
dc.title.none.fl_str_mv Small Money, Big Problems: How an investigation on small Latin American republics shaped the financial market for sovereign debt in the 19th century
Pequeño dinero, grandes problemas: cómo una investigación sobre las pequeñas repúblicas latinoamericanas moldeó el mercado financiero de la deuda soberana en el siglo XIX
Pequeno dinheiro, grandes problemas: como uma investigação sobre pequenas repúblicas latino-americanas moldou o mercado financeiro da dívida pública no século XIX
title Small Money, Big Problems: How an investigation on small Latin American republics shaped the financial market for sovereign debt in the 19th century
spellingShingle Small Money, Big Problems: How an investigation on small Latin American republics shaped the financial market for sovereign debt in the 19th century
Miranda, José Augusto Ribas
Latin America
high finance
corruption.
América Latina
finanzas
corrupción.
América Latina
finanças
corrupção.
title_short Small Money, Big Problems: How an investigation on small Latin American republics shaped the financial market for sovereign debt in the 19th century
title_full Small Money, Big Problems: How an investigation on small Latin American republics shaped the financial market for sovereign debt in the 19th century
title_fullStr Small Money, Big Problems: How an investigation on small Latin American republics shaped the financial market for sovereign debt in the 19th century
title_full_unstemmed Small Money, Big Problems: How an investigation on small Latin American republics shaped the financial market for sovereign debt in the 19th century
title_sort Small Money, Big Problems: How an investigation on small Latin American republics shaped the financial market for sovereign debt in the 19th century
author Miranda, José Augusto Ribas
author_facet Miranda, José Augusto Ribas
author_role author
dc.contributor.author.fl_str_mv Miranda, José Augusto Ribas
dc.subject.por.fl_str_mv Latin America
high finance
corruption.
América Latina
finanzas
corrupción.
América Latina
finanças
corrupção.
topic Latin America
high finance
corruption.
América Latina
finanzas
corrupción.
América Latina
finanças
corrupção.
description In 1875 the British Parliament set up a Committee to investigate frauds on loans underwritten by British and French banks to the Republics of Honduras, Costa Rica, Santo Domingo and Paraguay, reaching an amount of £12 million. The reports of the Committee and the press coverage issue revealed financial malpractices by banks and diplomats in order to induce millionaire defaults at expense of the bondholders, whilst the loan agents were living in luxuriant mansions in southern France. After the investigation, these shoddy practices were exposed to the public, reshaping the loan business for the rest of the century.
publishDate 2017
dc.date.none.fl_str_mv 2017-04-17
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://periodicos.fgv.br/reh/article/view/65475
url https://periodicos.fgv.br/reh/article/view/65475
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://periodicos.fgv.br/reh/article/view/65475/65429
dc.rights.driver.fl_str_mv Copyright (c) 2017 Revista Estudos Históricos
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2017 Revista Estudos Históricos
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Editora FGV
publisher.none.fl_str_mv Editora FGV
dc.source.none.fl_str_mv Revista Estudos Históricos; Vol. 30 No. 60 (2017): Global and Transnational Approaches; 55-70
Revista Estudos Históricos; v. 30 n. 60 (2017): Perspectivas Globais e Transnacionais; 55-70
2178-1494
0103-2186
reponame:Estudos Históricos (Rio de Janeiro)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Estudos Históricos (Rio de Janeiro)
collection Estudos Históricos (Rio de Janeiro)
repository.name.fl_str_mv Estudos Históricos (Rio de Janeiro) - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv ||biblioteca.digital@fgv.br||eh@fgv.br
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