Too little, too late : the quest to resolve sovereign debt crises /

The current approach to resolving sovereign debt crisis does not work: sovereign debt restructurings come too late and address too little. Though unresolved debt crises impose enormous costs on societies, many recent restructurings have not been deep enough to provide the conditions for economic rec...

Descripción completa

Guardado en:
Detalles Bibliográficos
Otros Autores: Guzman, Martin (ed.), Ocampo, José Antonio (ed.), Stiglitz, Joseph E. (ed.)
Formato: Libro
Lenguaje:Inglés
Publicado: New York : Columbia University Press, 2016.
Colección:Initiative for Policy Dialogue at Columbia (Series)
Materias:
Aporte de:Registro referencial: Solicitar el recurso aquí
LEADER 04684cam a2200445 a 4500
001 990000674000204151
005 20180327175440.0
008 151214s2016 nyu b 001 0 eng
010 |a  2015048091 
020 |a 9780231179263  |q (cloth ;  |q alk. paper) 
020 |a 023117926X  |q (cloth ;  |q alk. paper) 
035 |a (OCoLC)000067400 
035 |a (udesa)000067400USA01 
035 |a (OCoLC)930485997 
035 |a (OCoLC)990000674000204151 
040 |a DLC  |c DLC  |d STF  |d YDXCP  |d BTCTA  |d OCLCF  |d GUL  |d BDX  |d CHVBK  |d GYG  |d LUG  |d OCLCQ  |d U@S 
042 |a pcc 
049 |a U@SA 
050 0 0 |a HJ8017  |b .T66 2016 
082 0 0 |a 336.3  |2 23 
245 0 0 |a Too little, too late :  |b the quest to resolve sovereign debt crises /  |c Martin Guzman, Jose Antonio Ocampo, and Joseph E. Stiglitz, eds. 
260 |a New York :  |b Columbia University Press,  |c 2016. 
300 |a xxii, 284 p. ;  |c 23 cm. 
490 1 |a Initiative for policy dialogue at Columbia: challenges in development and globalization 
504 |a Incluye referencias bibliográficas e índice. 
505 0 |a Introduction / Martin Guzman, Jose Antonio Ocampo, and Joseph E. Stiglitz -- General issues of sovereign debt restructuring -- Fixing sovereign debt restructuring / Martin Guzman and Joseph E. Stiglitz -- Sovereign debt of developing countries : overview of trends and policy perspectives / Marilou Uy and Shichao Zhou -- Public debt, private power : the political economy of sovereign debt governance / Skylar Brooks and Domenico Lombardi -- Two case studies : argentina and greece -- From the Pari passu discussion to the illegality to pay / Sergio Chodos -- Title TBD / 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 -- Creditor committees in sovereign debt restructurings : understanding the benefits and addressing concerns / Timothy Desieno -- 
505 0 |a Sovereign debt restructuring : a cosean persective / James Haley -- 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 / Jose Antonio Ocampo -- Towards a multilateral framework for recovery from sovereign insolvency / Barry Herman -- Making a legal framework for sovereign debt restructuring operational / Jurgen Kaiser -- Perspectives on a sovereign debt restructuring framework : less is more / Richard Conn -- 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. 
520 |a The current approach to resolving sovereign debt crisis does not work: sovereign debt restructurings come too late and address too little. Though unresolved debt crises impose enormous costs on societies, many recent restructurings have not been 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 illustrated by the recent case of Argentina, deemed "the trial of the century"). A fresh start for distressed debtors is a basic principle of a well-functioning market economy, yet there is no international bankruptcy framework for sovereign debts. While this problem is not new, the United Nations and the global community are now willing to do something about it. Providing guidance for those who intend to take up reform, the book assesses the relative merits of various debt-restructuring proposals, especially in relation to the main deficiencies of the current nonsystem. With contributions by leading academics and practitioners, Too Little, Too Late reflects the overwhelming consensus among specialists on the need to find workable solutions. --Solapa anterior. 
650 0 |a Debts, Public. 
650 0 |a Financial crises. 
650 0 |a Monetary policy. 
650 0 |a International law. 
650 7 |a Deuda pública.  |2 UDESA 
650 7 |a Crisis financieras.  |2 UDESA 
650 7 |a Política monetaria.  |2 UDESA 
650 7 |a Derecho internacional.  |2 UDESA 
700 1 |a Guzman, Martin,  |e ed. 
700 1 |a Ocampo, José Antonio,  |e ed. 
700 1 |a Stiglitz, Joseph E.,  |e ed. 
830 0 |a Initiative for Policy Dialogue at Columbia (Series)