Overcoming developing country debt crises

The book looks at historical sovereign debt crises in developing and transition economies, and concludes that these occurrences have been economic and social catastrophes and are likely to happen again in the future due to the boom and bust nature of economic cycles, which can wreak havoc in liberalized financial environments. INDICE: Introduction; 1: Barry Herman, Jose Antonio Ocampo and Shari Spiegel: The case for a new international reform effort; Part I: The analytical framework for debt policy; 2: Joseph E. Stiglitz: Sovereign debt: notes on theoretical frameworks and policy analyses; 3: Stijn Claessens: Reasons for limited sovereign risk management and how to improve it; 4: Ugo Panizza: Is domestic debt the answer to debt crises?; Part II: Crisis Experiences When Most Credits Were Private; 5: Luis Jorge Garay Salamanca: The 1980s crisis in syndicatedbank lending to sovereigns and the sequence of mechanisms to fix it; 6: ShariSpiegel: Excess Returns on Emerging Market Bonds and the Framework for Sovereign Debt Restructuring; 7: Sergei Gorbuno: The Russian Federation: From Financial Pariah to Star Reformer; 8: Mario Damill, Roberto Frenkel and Martín Rapetti: The Argentine debt: history, default and restructuring; Part III: Crisis Experiences When Most Credits Were Official; 9: Enrique Cosío-Pascal: Paris Club: intergovernmental relations in debt restructuring; 10: Matthew Martin: Ethiopian debt policy: the long road from Paris Club to the MDGs; 11: Henry Northover: Human development advocacy for debt relief, aid and governance; Part IV: Political Economy and Institutional Reform; 12: Brad Setser: The political economy of the SDRM; 13: Anna Gelpern and Mitu Gulati: How CACs became boilerplate: governments in <'market-based>' change; 14: Barry Herman: Why the code of conduct for resolving sovereign debt crises falls short; 15: Jürgen Kaiser: Taking stock of proposals for more ordered workouts; 16: Patrick Bolton and DavidA. Skeel, Jr.: How to rethink sovereign bankruptcy: a new role for IMF?; Conclusion; 17: Barry Herman, Jose Antonio Ocampo and Shari Spiegel: Towards a Comprehensive Sovereign Debt Bankruptcy Regime

• ISBN: 978-0-19-957878-8
• Editorial: Oxford University
• Encuadernacion: Cartoné
• Páginas: 544
• Fecha Publicación: 01/04/2010
• Nº Volúmenes: 1
• Idioma: Inglés