Coverart for item
The Resource Too little, too late : the quest to resolve sovereign debt crises, Martin Guzman, José Antonio Ocampo, and Joseph E. Stiglitz, eds

Too little, too late : the quest to resolve sovereign debt crises, Martin Guzman, José Antonio Ocampo, and Joseph E. Stiglitz, eds

Label
Too little, too late : the quest to resolve sovereign debt crises
Title
Too little, too late
Title remainder
the quest to resolve sovereign debt crises
Statement of responsibility
Martin Guzman, José Antonio Ocampo, and Joseph E. Stiglitz, eds
Contributor
Editor
Subject
Genre
Language
eng
Summary
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. -- from dust jacket
Member of
Cataloging source
IDEBK
Dewey number
336.3
Index
index present
LC call number
HJ8015
LC item number
.T66 2016
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1982-
http://library.link/vocab/relatedWorkOrContributorName
  • Guzman, Martin
  • Ocampo, José Antonio
  • Stiglitz, Joseph E.
Series statement
Initiative for policy dialogue at Columbia: challenges in development and globalization
http://library.link/vocab/subjectName
  • Debts, Public
  • Financial crises
  • Monetary policy
  • International law
  • BUSINESS & ECONOMICS
  • Debts, Public
  • Financial crises
  • International law
  • Monetary policy
  • Geldpolitik
  • Wirtschaftskrise
  • Öffentliche Schulden
Label
Too little, too late : the quest to resolve sovereign debt crises, Martin Guzman, José Antonio Ocampo, and Joseph E. Stiglitz, eds
Instantiates
Publication
Copyright
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Introduction / Martin Guzman, José Antonio Ocampo, and Joseph E. Stiglitz -- 1. Creating a framework for sovereign debt restructuring that works / Martin Guzman and Joseph E. Stiglitz -- 2. Sovereign debt of developing countries : overview of trends and policy perspectives / Marilou Uy and Shichao Zhou -- 3. Private creditor power and the politics of sovereign debt governance / Skylar Brooks and Domenico Lombardi -- 4. From the Pari Passu discussion to the "illegality" of making payments : the case of Argentina / Sergio Chodos -- 5. Greek debt denial : a modest debt restructuring proposal and why it was ignored / Yanis Varoufakis -- 6. Count the limbs : designing robust aggregation clauses in sovereign bonds / Anna Gelpern, Ben Heller, and Brad Setser -- 7. Contractual and voluntary approaches to sovereign debt restructuring : there is still more to do / Richard Gitlin and Brett House -- 8. Sovereign debt restructuring : a Coasean persective / James A. Haley -- 9. Creditor committees in sovereign debt restructurings : understanding the benefits and addressing concerns / Timothy B. Desieno -- 10. A brief history of sovereign debt resolution, and a proposal for a multilateral instrument / José Antonio Ocampo -- 11. Toward a multilateral framework for recovery from sovereign insolvency / Barry Herman -- 12. Making a legal framework for sovereign debt restructuring operational : the case for a sovereign debt workout institution / Jürgen Kaiser -- 13. Perspectives on a sovereign debt restructuring framework : less is more / Richard A. Conn Jr. -- 14. Towards a framework for sovereign debt restructuring : what can public international law contribute? / Robert Howse -- 15. Debts, human rights, and the rule of law : advocating a fair and efficient sovereign insolvency model / Kunibert Raffer
Control code
948247487
Dimensions
unknown
Extent
1 online resource (xxii, 284 pages)
File format
unknown
Form of item
online
Isbn
9780231542029
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
99971469112
http://library.link/vocab/ext/overdrive/overdriveId
4612449
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)948247487
Label
Too little, too late : the quest to resolve sovereign debt crises, Martin Guzman, José Antonio Ocampo, and Joseph E. Stiglitz, eds
Publication
Copyright
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Introduction / Martin Guzman, José Antonio Ocampo, and Joseph E. Stiglitz -- 1. Creating a framework for sovereign debt restructuring that works / Martin Guzman and Joseph E. Stiglitz -- 2. Sovereign debt of developing countries : overview of trends and policy perspectives / Marilou Uy and Shichao Zhou -- 3. Private creditor power and the politics of sovereign debt governance / Skylar Brooks and Domenico Lombardi -- 4. From the Pari Passu discussion to the "illegality" of making payments : the case of Argentina / Sergio Chodos -- 5. Greek debt denial : a modest debt restructuring proposal and why it was ignored / Yanis Varoufakis -- 6. Count the limbs : designing robust aggregation clauses in sovereign bonds / Anna Gelpern, Ben Heller, and Brad Setser -- 7. Contractual and voluntary approaches to sovereign debt restructuring : there is still more to do / Richard Gitlin and Brett House -- 8. Sovereign debt restructuring : a Coasean persective / James A. Haley -- 9. Creditor committees in sovereign debt restructurings : understanding the benefits and addressing concerns / Timothy B. Desieno -- 10. A brief history of sovereign debt resolution, and a proposal for a multilateral instrument / José Antonio Ocampo -- 11. Toward a multilateral framework for recovery from sovereign insolvency / Barry Herman -- 12. Making a legal framework for sovereign debt restructuring operational : the case for a sovereign debt workout institution / Jürgen Kaiser -- 13. Perspectives on a sovereign debt restructuring framework : less is more / Richard A. Conn Jr. -- 14. Towards a framework for sovereign debt restructuring : what can public international law contribute? / Robert Howse -- 15. Debts, human rights, and the rule of law : advocating a fair and efficient sovereign insolvency model / Kunibert Raffer
Control code
948247487
Dimensions
unknown
Extent
1 online resource (xxii, 284 pages)
File format
unknown
Form of item
online
Isbn
9780231542029
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
99971469112
http://library.link/vocab/ext/overdrive/overdriveId
4612449
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)948247487

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