Sovereign Debt Sustainability: Multilateral Debt Treatment and the Credit Rating Impasse

ISBN-13: 9781032198651 / Angielski / Twarda / 2022 / 176 str.

Daniel Cash

Opis

Explains that the reason for the failure of recent initiatives to alleviate the poorest countries’ debt-related issues is an inability to bring sovereign countries to the table to re-negotiate their debt agreements with private creditors, as they fear the credit rating agencies and the prospect of a downgrade: the ‘Credit Ratings impasse’.

Recenzje

"this book is a must-read for everyone interested in the systemic difficulties of debt sustainability and the credit rating impasse. Its contents, which have been well investigated, and insights, which are based in practice, give useful ideas for dealing with the issue of global debt in a realistic manner." - Charles Ho Wang Mak

Spis treści

Introduction 1. A Modern History of Debt Treatment for African Countries 2. The Impact of the Covid-19 pandemic 3. The DSSI, The Common Framework, and the Credit Rating Impasse 4. Resolving the Credit Rating Impasse: Part One 5. Resolving the Credit Rating Impasse: Part Two 6. The Future for Africa Conclusion

O autorze

Daniel Cash is a Senior Lecturer at Aston University, UK, a Fulbright Scholar at New York University’s Stern Business School, and specialises in the regulation of the credit rating industry.