League of Nations Loan

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League of Nations bonds were a number of government bonds , which, composed of the League of Nations in the 1920s and 1930s emitted were.

League of Nations loans received:

These bonds were supposed to give the countries that were no longer creditworthy after war and inflation access to private donors. The League of Nations itself was not liable for the loans, but performed a control function. The bonds were secured by real estate or tax and customs claims . Still, most of these bonds went bad .

literature

  • Alexander Szodruch: State bankruptcy and private creditors. Legal Problems of Private Sector Involvement in State Financial Crises in the 21st Century (= Writings on Transnational Business Law. Vol. 9). BWV - Berliner Wissenschafts-Verlag, Berlin 2008, ISBN 978-3-8305-1516-6 , p. 75, (also: Halle (Saale), University, dissertation, 2007), online .