Debt repudiations were more common before World War II compared to now.

Name: Debt repudiations were more common before World War II compared to now.
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Question

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Before World War II, many countries regularly repudiated their debts or renegotiated them with creditors. However, since then, the international financial system has become more structured and the consequence of defaults is more severe, making debt repudiation less common.

Debt Repudiations Were More Common Before World War II Compared