Sovereign debt crises : what have we learned? / edited by Juan Pablo Bohoslavsky, Kunibert Raffer.

Format:

Book

Contributor:

Bohoslavsky, Juan Pablo, editor.

Raffer, Kunibert, 1951- editor.

Language:

English

Subjects (All):

Debts, Public--Case studies.

Debts, Public.

Financial crises--Case studies.

Financial crises.

Debt relief--Developing countries.

Debt relief.

Developing countries.

Genre:

Case studies.

Physical Description:

1 online resource (xiii, 294 pages) : digital, PDF file(s)

Place of Publication:

Cambridge : Cambridge University Press, 2017.

System Details:

text file

PDF

Summary:

There is an obvious need to learn more about why some countries succeed and others fail when dealing with debt crises. Why do some sovereign debtors overcome economic problems very quickly and at minor human rights costs for their people, while others remain trapped by debts for years struggling with overwhelming debt burdens and exacerbating economic problems and human suffering? This book analyzes fourteen unique or singular country cases of sovereign debt problems that differ characteristically from the 'ordinary' debtor countries, and have not yet received enough or proper attention - some regarded as successful, some as unsuccessful in dealing with debt crises. The aim is to contribute to a better understanding of the policy options available to countries struggling with debt problems, or how to resolve a debt overhang while protecting human rights, the Rule of Law and the debtor's economic recovery.

Contents:

Introduction: we need to learn from experience / Juan Pablo Bohoslavsky and Kunibert Raffer

Managing public debt crisis in Argentina : between sovereignty and subordination / Alfredo Calcagno

Why developing countries should not incur foreign debt : the Brazilian experience / Luiz Carlos Bresser-Pereira and Thiago de Moraes Moreira

Ecuador's 2008-09 debt restructuring : a special case? / Adam Feibelman

Greece: an EU-inflicted catastrophe / Kunibert Raffer

Grenada : a small island developing state needs new ways out of its debt / Juergen Kaiser

Iceland : a human rights sensitive approach to deal with financial crises / Juan Pablo Bohoslavsky

Indonesia's 1997-98 economic crisis : a teachable case wasted / Manuel F. Montes

The irish sovereign debt crisis post-2009 : a lesson on why countries should never enter into unsustainable currency unions / Philip Pilkington

Short term capital controls and Malaysia's fast recovery after the East-Asian crisis / Marion Pircher

Sovereign debt : lessons from the Mexican experience / Oscar Ugarteche and Rodrigo Delgado

Portugal's austerity bailout : lessons of a dangerous xperiment / Castro Caldas

Don't waste a serious crisis : lessons from South Africa's debt crisis / Daniel D. Bradlow

Lessons from south korea : a developmental mindset makes a difference when governing the financial economy / Elizabeth Thurbon

The Spanish crisis : the trouble of managing debt overhang in an imperfect monetary union / Jos Antonio Alonso

Conclusions: what has been learned? / Juan Pablo Bohoslavsky and Kunibert Raffer

Index.

Notes:

Title from publisher's bibliographic system (viewed on 17 Nov 2017).

Other Format:

Print version:

ISBN:

9781108227001

Access Restriction:

Restricted for use by site license.