Debt Games

• Preface; Overview; Part I. Argument: 1. Examining the importance of epochs; 2. Debt games and play: toward a model of debt rescheduling; 3. A situational theory of payoffs and intervention decisions; 4. A theory of situational change; Part II. Epoch 1: the 1820s to the 1860s: 5. The intersection of high and low politics: Mexican debt rescheduling, 1824 to 1867; 6. Guano makes the world go 'round: Peruvian debt rescheduling, 1823 to 1850s; Part III. Epoch 2: the 1860s to the 1910s: 7. From stability to chaos: Mexican debt rescheduling, 1867 to 1914; 8. To the victor go the spoils (and headaches): Peruvian debt rescheduling, 1875 to 1900s; Part IV. Epoch 3: the 1910s to the 1950s: 9. Riding on the storm: Mexican debt rescheduling, 1916 to 1942; 10. Years of false hope: Peruvian debt negotiations, 1930 to 1953; Part V. Epoch 4: the 1970s to the 1990s: 11. The good guys get tired: Mexico in the 1980s; 12. The politics of confrontation: Peru in the 1980s and 1990s; 13. Collision course: Argentina in the 1980s and 1990s; 14. The search for independence: Brazil in the 1980s and 1990s; Part VI. Implications: 15. Conclusion; Appendix; Bibliography.

"Combining rich historical detail with an innovative and broad ranging application of game theory, Aggarwal has brought penetrating new insight to the old issue of international debt negotiation. Nowhere will a reader find a more rewarding analysis of the strategic interaction between troubled debtors and their creditors. This is must reading for anyone interested in the complexities of international bargaining." Benjamin J. Cohen, University of California, Santa Barbara