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Too Little, Too Late: The Quest to Resolve Sovereign Debt Crises
Martin (Eds) Guzman
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Description for Too Little, Too Late: The Quest to Resolve Sovereign Debt Crises
Hardback. Editor(s): Guzman, Martin; Ocampo, Jose Antonio; Stiglitz, Joseph E. Series: Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization. Num Pages: 312 pages, 13 b&w illustrations. BIC Classification: KCL; KFFD. Category: (P) Professional & Vocational. Dimension: 163 x 236 x 31. Weight in Grams: 564.
The current approach to resolving sovereign debt crises 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 as the trial of the century ). A fresh start for distressed ... Read more
The current approach to resolving sovereign debt crises 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 as the trial of the century ). A fresh start for distressed ... Read more
Product Details
Publisher
Columbia University Press
Format
Hardback
Publication date
2016
Series
Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization
Condition
New
Weight
563g
Number of Pages
312
Place of Publication
New York, United States
ISBN
9780231179263
SKU
V9780231179263
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Martin (Eds) Guzman
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 ... Read more
Reviews for Too Little, Too Late: The Quest to Resolve Sovereign Debt Crises
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 ... Read more
Barry Eichengreen, George C. Pardee and Helen N. Pardee ... Read more