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Keywords: public finance dilemma
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Chapter
A Political Economy of External Finance
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Didac Queralt
Published: 09 August 2022
... the legacy of war finance on statebuilding. In response, foreign investors devised the mechanism of extreme conditionality in an effort to minimise risk. The chapter elaborates on the public finance dilemma of financing the war with taxes or foreign debts, which primarily correlates to the mobilization...