Sovereign Debt Crises: What Have We Learned?

ISBN-13: 9781316649947 / Angielski / Miękka / 2018 / 308 str.

Juan Pablo Bohoslavsky;Kunibert Raffer

Opis

Contributes to a better understanding of the policy, economic, and legal options of countries struggling with debt problems.

Recenzje

'This volume confronts a vital question - why do sovereign debt crises persist, despite the vast intellectual and policy effort invested in fighting them? The book's core contribution is to cast a wide net geographically, with broad country coverage, temporally, by examining developments before and after the acknowledged crisis period, and analytically, by embracing legal, historical, philosophical, and economic perspectives on the debt problem. That the authors are able to distill all this knowledge into pragmatic prescriptions for incorporating human rights and human welfare into debt thinking is an achievement to celebrate.' Anna Gelpern, Georgetown University, Washington, DC

Spis treści

1. Introduction: we need to learn from our experience Juan Pablo Bohoslavsky and Kunibert Raffer; 2. Managing public debt crisis in Argentina: between sovereignty and subordination Alfredo Calcagno; 3. Why developing countries should not incur foreign debt: the Brazilian experience Luiz Carlos Bresser-Pereira and Thiago de Moraes Moreira; 4. Ecuador's 2008–9 debt restructuring: a special case? Adam Feibelman; 5. Greece: an EU-inflicted catastrophe Kunibert Raffer; 6. Grenada: a small island developing state needs new ways out of its debt Juergen Kaiser; 7. Iceland: a human rights sensitive approach to deal with financial crises Juan Pablo Bohoslavsky; 8. Indonesia's 1997–8 economic crisis: a teachable case wasted Manuel F. Montes; 9. The Irish sovereign debt crisis post–2009: a lesson on why countries should never enter into unsustainable currency unions Philip Pilkington; 10. Short-term capital controls and Malaysia's fast recovery after the East-Asian crisis Marion Pircher; 11. Sovereign debt: lessons from the Mexican experience Oscar Ugarteche Galarza and Rodrigo Delgado Méndez; 12. Portugal's austerity bailout: lessons of a dangerous experiment José Castro Caldas; 13. Don't waste a serious crisis: lessons from South Africa's debt crisis Daniel D. Bradlow; 14. Lessons from South Korea: a developmental mindset makes a difference when governing the financial economy Elizabeth Thurbon; 15. The Spanish crisis: the trouble of managing debt overhang in an imperfect monetary union José Antonio Alonso; 16. Conclusions: what has been learned? Juan Pablo Bohoslavsky and Kunibert Raffer.