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2 - A Framework for War Reparations

Published online by Cambridge University Press:  19 October 2023

Simon Hinrichsen
Simon Hinrichsen
Affiliation:
University of Copenhagen
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Summary

Chapter 2 introduces a framework for how to think about war reparations. It discusses how a reparation transfer can be smoothed out over time by borrowing the money. I then discuss other ways a transfer can be paid, by taxes or printing money, and the effects this has on the balance of payments and the terms of trade. Finally, in a technical section, I show how changed terms of trade affect the current account and national income.

Keywords

War reparationsbalance of paymentsterms of trademodel
Type
Chapter
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When Nations Can't Default
A History of War Reparations and Sovereign Debt
 , pp. 17 - 40
Publisher: Cambridge University Press
Print publication year: 2023

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