| Edition |
First edition. |
| Description |
1 online resource (xix, 403) : illustrations |
| Physical Medium |
polychrome |
| Description |
text file |
| Bibliography |
Includes bibliographical references and index. |
| Contents |
Introduction. Search for common principles / Carlos Espósito, Yuefen Li, Juan Pablo Bohoslavsky -- Economic rationale for the principles on promoting responsible sovereign lending and borrowing / Yuefen Li and Ugo Panizza -- Sovereign debt restructurings as exercises of international public authority : towards a decentralized sovereign insolvency law / Armin von Bogdandy and Matthias Goldmann -- Principles matter : the legal status of the Principles on Promoting Responsible Sovereign Financing / Juan Pablo Bohoslavsky and Carlos Espósito -- Out of thin air? : Tracing origins of the UNCTAD principles in customary international law / Michael Waibel -- On the comparative foundations of principles in international law : the move towards rules and transparency in fiscal policy as examples / Matthias Goldmann -- Legal contours of sovereign debt restructuring under UNCTAD principles : antagonism and convergence between standards of domestic insolvency law and international investment protection law / Antonis Bredimas, Anastasios Gourgourinis and Georges Pavlidis -- Improving debt management on the basis of UNCTAD's principles / Kunibert Raffer -- UNCTAD's principles on public debt and the United Nations Convention against Corruption : links and common strategies / Juan Bautista Justo -- Fiduciary relations : legal framework and implications for responsible sovereign debt management / José R. Oyola and Marie Sudreau -- China's governmental preferential loans and the performance of its lending responsibility / Meibo Huang and Dandan Zhu -- Crisis prevention for China as a sovereign creditor and the UNCTAD Principles / Xiuli Han -- Restructuring a sovereign debtor's contingent liabilities / Lee C. Buchheit and Mitu Gulati -- Current EU mechanisms to confront sovereign insolvency : a normative analysis against the benchmark if the UNCTAD Principles / Ignacio Tirado -- Reforming sovereign lending practices : modern initiatives in historical context / W. Mark C. Wedemaier -- Hard, soft, and embedded : implementing Principles on Promoting Responsible Sovereign Lending and Borrowing -- Concluding remarks in the light of international law / Robert Howse -- Annex. Principles on promoting responsible sovereign lending and borrowing / United Nations Conference on Trade and Development. |
| Summary |
The regulation of sovereign financing is a highly topical and significant issue, in the light of continuing global financial turmoil. This book assesses the role of international law in sovereign financing, addressing this issue from both legal and economic standpoints. It takes as a starting point the recent report 'Principles on Responsible Sovereign Lending and Borrowing' by the United Nations Conference on Trade and Development (UNCTAD). This report was endorsed by the United Nations General Assembly in its December 2011 Resolution on Debt, which emphasized the need for creditors and debtors to share responsibility for preventing unsustainable debt situations and encouraged all stakeholders to pursue the ongoing discussions within the framework of the UNCTAD Initiative. Investigating the legal and economic basis for the principles which were articulated in the report, the book develops a detailed and nuanced analysis of the controversial and complex issues they raise, including those concerning finance and credit rating agencies, contingent liabilities, debt management, corruption, fiduciary relations and duties, Collective Action Clauses, and the role of the EU and UN. Ultimately, it argues that the principles elaborated in the report correspond with general principles of international law, which provide a strong, pre-existing foundation upon which to build responsible principles for sovereign financing.-- Provided by Publisher. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
United Nations Conference on Trade and Development.
|
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United Nations Conference on Trade and Development. |
|
Loans, Foreign -- Law and legislation.
|
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Loans, Foreign -- Law and legislation. |
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Debts, Public -- Law and legislation.
|
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Debts, Public -- Law and legislation. |
|
Finance, Public -- Law and legislation.
|
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Finance, Public -- Law and legislation. |
|
LAW -- Military. |
| Genre/Form |
Electronic books.
|
| Added Author |
Espósito, Carlos D., editor.
|
|
Li, Yuefen, editor.
|
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Bohoslavsky, Juan Pablo, editor.
|
| Other Form: |
Print version: Sovereign financing and international law. First edition. Oxford, United Kingdom : Oxford University Press, 2013 9780199674374 (DLC) 2013946099 (OCoLC)861919878 |
| ISBN |
9780191656101 (electronic book) |
|
0191656100 (electronic book) |
|
9780191752315 (electronic book) |
|
0191752312 (electronic book) |
|
9780199674374 |
|
019967437X |
|
