Politics and Public Debt : The Dominion, the Banks, and Alberta's Social Credit

Focusing on the Depression, Second World War, and early post-War period, Robert Ascah examines the interaction of politics and capital markets in Canada from the perspective of the debt management function. Ascah's insightful study explores the Dominion Government's dealings with domestic and international finance capital and their reaction to the policies of Alberta's Social Credit government, and in particular the April 1936 default. Robert Ascah Focuses On Debt Management Issues Faced By The Canadian Government Between 1930 And 1952, A Time Shaped By The Stresses Of Depression, War And Reconstruction. He Takes Special Note Of Alberta's Historic Default Of 1936, An Event As Little Known As It Was Defining For Both The Province's Finances And The Country's.--jacket. Foreword / Paul Boothe -- 1. Public Debt And Debt Management -- 2. Capital Markets And The Players -- 3. Political Uncertainty And New Institutional Arrangements, 1930-1939 -- 4. The Alberta Default And Its Impact On The Dominion's Credit -- 5. Broadening The Ownership Of The Debt And Bank Resistance, 1935-1939 -- 6. Wartime: Conscription Of Capital If Necessary, But Not Necessarily Conscription, 1940-1945 -- 7. Attempts To Keep Faith With Bondholders, 1945-1952 -- 8. Politics, Public Debt And Debt Management -- App. A. Synopsis Of Major Domestic Borrowing, 1930-1952 -- App. B. Synopsis Of Dominion Loans Issued Abroad, 1930-1950 -- App. C. Credit Rating Of The Dominion Of Canada And Selected Provincial Governments: Moody's Investors Service, 1930 Through To 1953 -- App. D. Government Of Canada Bond Yields, 1930-1939 -- App. E. Government Of Canada Bond Yields, 1940-1945 -- App. F. Government Of Canada Bond Yields, 1946-1952. Robert L. Ascah. Includes Bibliographical References And Index. "Robert Ascah focuses on debt management issues faced by the Canadian government between 1930 and 1952, a time shaped by the stresses of depression, war and reconstruction. He takes special note of Alberta's historic default of 1936, an event as little known as it was defining for both the province's finances and the country's."--BOOK JACKET.