There were more recent cases of debt repudiation as well, including...

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• The House of Morgan - An American Banking Dynasty and the whole source · open book

  There were more recent cases of debt repudiation as well, including China in 1949, Cuba in 1961, and North Korea in 1974. Banks could foreclose on companies but not on countries, making the latter more careless about repaying loans. And political risk was always piled atop economic risk.

  chapter: 32. Samba

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