Sovereign financing and international law : the UNCTAD principles on responsible sovereign lending and borrowing / edited by Carlos Espósito, Yuefen Li, and Juan Pablo Bohoslavsky.

Format:

Book

Contributor:

Espósito, Carlos D., editor.

Li, Yuefen, editor.

Bohoslavsky, Juan Pablo, editor.

Language:

English

Subjects (All):

United Nations Conference on Trade and Development.

Loans, Foreign--Law and legislation.

Loans, Foreign.

Debts, Public--Law and legislation.

Debts, Public.

Finance, Public--Law and legislation.

Finance, Public.

Physical Description:

1 online resource (1657 p.)

Edition:

First edition.

Place of Publication:

Oxford : Oxford University Press, 2014.

Language Note:

English

Summary:

The regulation of sovereign financing is a highly topical and significant issue, in the light of continuing global financial turmoil. This book assesses the role of international law in sovereign financing, addressing this issue from both legal and economic standpoints. It takes as a starting point the recent report 'Principles on Responsible Sovereign Lending and Borrowing' by the United Nations Conference on Trade and Development (UNCTAD). This report was endorsed by the UnitedNations General Assembly in its December 2011 Resolution on Debt, which emphasized the need for creditors and debtor

Contents:

Cover; Title Page; Copyright Page; Preface; Acknowledgements; Contents; Table of Cases; List of Abbreviations; List of Contributors; INTRODUCTION; 1. Introduction: The Search for Common Principles; PART I SETTING THE GLOBAL SCENE; 2. The Economic Rationale for the Principles on Promoting Responsible Sovereign Lending and Borrowing; 3. Sovereign Debt Restructurings as Exercises of International Public Authority: Towards a Decentralized Sovereign Insolvency Law; PART II LEGAL STATUS OF THE PRINCIPLES; 4. Principles Matter: The Legal Status of the Principles on Responsible Sovereign Financing

5. Out of Thin Air? Tracing the Origins of the UNCTAD Principles in Customary International Law6. On the Comparative Foundations of Principles in International Law: The Move towards Rules and Transparency in Fiscal Policy as Examples; 7. The Legal Contours of Sovereign Debt Restructuring under the UNCTAD Principles: Antagonism and Convergence between Standards of Domestic Insolvency Law and International Investment Protection Law; PART III DEBT MANAGEMENT; 8. Improving Debt Management on the Basis of UNCTAD's Principles

9. UNCTAD's Principles on Public Debt and the United Nations Convention against Corruption: Links and Common Strategies10. Fiduciary Relations: Legal Framework and Implications for Responsible Sovereign Debt Management; PART IV CHINA AS A CASE STUDY; 11. China's Governmental Preferential Loans and the Performance of its Lending Responsibility; 12. Crisis Prevention for China as a Sovereign Creditor and the UNCTAD Principles; PART V EUROZONE: PROBLEMS AND SOLUTIONS; 13. Restructuring a Sovereign Debtor's Contingent Liabilities

14. Current EU Mechanisms to Confront Sovereign Insolvency: A Normative Analysis against the Benchmark of the UNCTAD PrinciplesPART VI OUTLOOK AND IMPLEMENTATION; 15. Reforming Sovereign Lending Practices: Modern Initiatives in Historical Context; 16. Hard, Soft, and Embedded: Implementing Principles on Promoting Responsible Sovereign Lending and Borrowing; CONCLUSIONS; 17. Concluding Remarks in the Light of International Law; Annex: Principles on Promoting Responsible Sovereign Lending and Borrowing; Index; Footnotes

Notes:

Includes index.

Includes bibliographical references and index.

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

0-19-175231-2

0-19-165611-9

0-19-165610-0

OCLC:

863823930