Muutke küpsiste eelistusi

E-raamat: Too Little, Too Late: The Quest to Resolve Sovereign Debt Crises

3.33/5 (6 hinnangut Goodreads-ist)
Edited by , Edited by , Edited by
Teised raamatud teemal:
  • Formaat - EPUB+DRM
  • Hind: 83,19 €*
  • * hind on lõplik, st. muud allahindlused enam ei rakendu
  • Lisa ostukorvi
  • Lisa soovinimekirja
  • See e-raamat on mõeldud ainult isiklikuks kasutamiseks. E-raamatuid ei saa tagastada.
Too Little, Too Late: The Quest to Resolve Sovereign Debt CrisesSuurem pilt
Teised raamatud teemal:

DRM piirangud

  • Kopeerimine (copy/paste):

    ei ole lubatud

  • Printimine:

    ei ole lubatud

  • Kasutamine:

    Digitaalõiguste kaitse (DRM)
    Kirjastus on väljastanud selle e-raamatu krüpteeritud kujul, mis tähendab, et selle lugemiseks peate installeerima spetsiaalse tarkvara. Samuti peate looma endale  Adobe ID Rohkem infot siin. E-raamatut saab lugeda 1 kasutaja ning alla laadida kuni 6'de seadmesse (kõik autoriseeritud sama Adobe ID-ga).

    Vajalik tarkvara
    Mobiilsetes seadmetes (telefon või tahvelarvuti) lugemiseks peate installeerima selle tasuta rakenduse: PocketBook Reader (iOS / Android)

    PC või Mac seadmes lugemiseks peate installima Adobe Digital Editionsi (Seeon tasuta rakendus spetsiaalselt e-raamatute lugemiseks. Seda ei tohi segamini ajada Adober Reader'iga, mis tõenäoliselt on juba teie arvutisse installeeritud )

    Seda e-raamatut ei saa lugeda Amazon Kindle's. 

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 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, this 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, the volume reflects the overwhelming consensus among specialists on the need to find workable solutions.



The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and do too little. 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, this book assesses the relative merits of various debt-restructuring proposals, especially in relation to the main deficiencies of the current nonsystem.

Arvustused

The international debt regime desperately needs fixing. The debate over how to fix it, for its part, desperately needs systematic analysis, which is precisely what we get from this important volume. Critics of the current regime may not agree with everything proposed here, but they cannot afford to ignore it. -- Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley In a world awash with debt, effective procedures for restructuring excessive debt burdens are essential but sorely lacking when it comes to sovereign borrowers. Better arrangements which can benefit both debtors and creditors need to reflect economic, legal, and political considerations. Too Little, Too Late pulls together powerful insights from each of these disciplines, and makes a major contribution to a crucially important policy debate. -- Adair Turner, author of Between Debt and the Devil: Money, Credit, and Fixing Global Finance Addressing the longstanding question of whether it is possible to improve the methods and legal/institutional framework for sovereign debt restructuring, this book answers in the affirmative and provides a number of concrete proposals for how this might be accomplished. With strong analytical chapters from preeminent scholars and practitioners, this book will appeal to academic and policy audiences alike. -- Jeremiah Pam, Columbia University Well timed... An excellent resource on a topic likely to become important in the near future. Financial Analyst Journal

Muu info

The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and do too little. 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, this book assesses the relative merits of various debt-restructuring proposals, especially in relation to the main deficiencies of the current nonsystem.
Acknowledgments ix
Introduction xiii
Martin Guzman
Jose Antonio Ocampo
Joseph E. Stiglitz
PART 1 General Issues of Sovereign Debt Restructuring
1 Creating a Framework for Sovereign Debt Restructuring That Works
3(30)
Martin Guzman
Joseph E. Stiglitz
2 Sovereign Debt of Developing Countries: Overview of Trends and Policy Perspectives
33(23)
Marilou Uy
Shichao Zhou
3 Private Creditor Power and the Politics of Sovereign Debt Governance
56(21)
Skylar Brooks
Domenico Lombardi
PART 2 Two Case Studies: Argentina and Greece
4 From the Pari Passu Discussion to the "Illegality" of Making Payments: The Case of Argentina
77(7)
Sergio Chodos
5 Greek Debt Denial: A Modest Debt Restructuring Proposal and Why It Was Ignored
84(25)
Yanis Varoufakis
PART 3 Improvements to the Contractual Approach
6 Count the Limbs: Designing Robust Aggregation Clauses in Sovereign Bonds
109(35)
Anna Gelpern
Ben Heller
Brad Setser
7 Contractual and Voluntary Approaches to Sovereign Debt Restructuring: There Is Still More to Do
144(19)
Richard Gitlin
Brett House
8 Sovereign Debt Restructuring: A Coasean Perspective
163(12)
James A. Haley
9 Creditor Committees in Sovereign Debt Restructurings: Understanding the Benefits and Addressing Concerns
175(14)
Timothy B. DeSieno
PART 4 Proposals for a Multinational Framework for Sovereign Debt Restructuring: Principles, Elements, and Institutionalization
10 A Brief History of Sovereign Debt Resolution and a Proposal for a Multilateral Instrument
189(17)
Jose Antonio Ocampo
11 Toward a Multilateral Framework for Recovery from Sovereign Insolvency
206(17)
Barry Herman
12 Making a Legal Framework for Sovereign Debt Restructuring Operational: The Case for a Sovereign Debt Workout Institution
223(8)
Jurgen Kaiser
13 Perspectives on a Sovereign Debt Restructuring Framework: Less Is More
231(10)
Richard A. Conn Jr.
14 Toward a Framework for Sovereign Debt Restructuring: What Can Public International Law Contribute?
241(12)
Robert Howse
15 Debts, Human Rights, and the Rule of Law: Advocating a Fair and Efficient Sovereign Insolvency Model
253(16)
Kunibert Raffer
Contributors 269(4)
Index 273
Martin Guzman is a postdoctoral research fellow at Columbia University and an associate professor at the University of Buenos Aires. He is a cochair of the Columbia IPD Taskforce on Debt Restructuring and Sovereign Bankruptcy and a senior fellow at the Centre for International Governance Innovation. Jose Antonio Ocampo is a professor at Columbia University and chair of the United Nations Economic and Social Council's Committee for Development Policy. With Codrina Rada and Lance Taylor, he is the author of Growth and Policy in Developing Countries: A Structuralist Approach (Columbia, 2009), and with Jose Antonio Alonso, Development Cooperation in Times of Crisis (Columbia, 2012). Joseph E. Stiglitz is University Professor at Columbia University. A recipient of the Nobel Memorial Prize in Economic Sciences (2001), he is also the Chief Economist of the Roosevelt Institute and the cochair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD. His books include Creating a Learning Society: A New Approach to Growth, Development, and Social Progress (2014) and Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity (2015).
Lisainfo e-raamatute kohta Lisainfo e-raamatute kohta
Püsilink: https://www.kriso.ee/db/97802315420296e.html
Märksõnad: