| Description |
1 online resource. |
| Physical Medium |
polychrome |
| Description |
text file |
| Series |
Initiative for policy dialogue at Columbia: challenges in development and globalization
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Initiative for Policy Dialogue at Columbia (Series)
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| Bibliography |
Includes bibliographical references and index. |
| Contents |
Introduction / Martin Guzman, José Antonio Ocampo, and Joseph E. Stiglitz -- General issues of sovereign debt restructuring -- Fixing sovereign debt restructuring that works / Martin Guzman and Joseph E. Stiglitz -- Sovereign debt of developing countries : overview of trends and policy perspectives / Marilou Uy and Shichao Zhou -- Private creditor power and the politics of sovereign debt governance / Skylar Brooks and Domenico Lombardi -- Two case studies : Argentina and Greece -- From the Pari passu discussion to the "illegality" of making payments: th case of Argentina / Sergio Chodos -- Greek debt denial: a modest debt restructuring proposal and why it was ignored / Yanis Varoufakis -- Improvements to the contractual approach -- Count the limbs : designing robust aggregation clauses in sovereign bonds / Anna Gelpern, Ben Heller, and Brad Setser -- Contractual and voluntary approaches to sovereign debt restructuring : there's still more to do / Richard Gitlin and Brett House -- Sovereign debt restructuring : a cosean persective / James A. Haley -- Creditor committees in sovereign debt restructurings : understanding the benefits and addressing concerns / Timothy B. Desieno -- Proposals for a multinational framework for sovereign debt restructuring : principles, elements, and institutionalization -- A brief history of sovereign debt resolution, and a proposal for a multilateral instrument / José Antonio Ocampo -- Toward a multilateral framework for recovery from sovereign insolvency / Barry Herman -- Making a legal framework for sovereign debt restructuring operational / Jürgen Kaiser -- Perspectives on a sovereign debt restructuring framework : less is more / Richard A. Conn Jr. -- Towards a framework for sovereign debt restructuring : what can public international law contribute? / Robert Howse -- Debts, human rights, and the rule of law : advocating a fair and efficient sovereign insolvency model / Kunibert Raffer. |
| Summary |
The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and do too little. Though they impose enormous costs on societies, these restructurings are often not deep enough to provide the conditions for economic recovery (as illustrated by the Greek debt restructuring of 2012. And if the debtor decides not to accept the terms demanded by the creditors, finalizing a restructuring can be slowed by legal challenges (as evidenced in Argentina). A fresh start for distressed debtors is a basic principle of a well-functioning market economy, yet. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Debts, Public.
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Debts, Public. |
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Financial crises.
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Financial crises. |
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Monetary policy.
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Monetary policy. |
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International law.
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International law. |
| Genre/Form |
Electronic books.
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| Added Author |
Guzman, Martin, editor.
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Ocampo, José Antonio, editor.
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Stiglitz, Joseph E., editor.
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| Other Form: |
Print version: Too little, too late. New York : Columbia University Press, [2016] 9780231179263 (DLC) 2015048091 (OCoLC)930485997 |
| ISBN |
9780231542029 (electronic book) |
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023154202X (electronic book) |
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9780231179263 |
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023117926X |
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