Bohoslavsky / Raffer Sovereign Debt Crises

What Have We Learned?
Erscheinungsjahr 2017
ISBN: 978-1-108-24728-3
Verlag: Cambridge University Press
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 0 Seiten

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.

Autoren/Hrsg.

Bohoslavsky, Juan Pablo

Raffer, Kunibert

Fachgebiete

• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Handels-, Wirtschafts- und Gesellschaftsrecht
• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Öffentliches Recht, Völkerrecht, Internationale Organisationen
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationaler Handel
• Sozialwissenschaften Politikwissenschaft Internationale Beziehungen
• Wirtschaftswissenschaften Betriebswirtschaft Bereichsspezifisches Management Außenhandel

Inhaltsverzeichnis

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 2008–09 Debt Restructing: 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 1997–98 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.

Über Autor(innen)

Raffer, Kunibert
Kunibert Raffer was an associate professor (retired September 2016) at the Department of Economics, University of Vienna; Honorary Professor of the Universidad Nacional de Río Negro, Argentina; member of the Sovereign Bankruptcy Group of the International Law Association; 1989 Visiting Fellow at the Institute of Development Studies (Sussex) invited by Sir Hans (HW) Singer with whom he co-authored two books; and 1990–93 Honorary Research Fellow, Department of Commerce, University of Birmingham. In 1998 he participated in the UNDP's research project 'International Development Cooperation and Global Public Goods.' He is a former lecturer at UNITAR (on debt and MDGs), and he proposed a model of sovereign insolvency (Raffer Proposal).

Bohoslavsky, Juan Pablo
Juan Pablo Bohoslavsky is a United Nations Independent Expert on Foreign Debt and Human Rights. He previously worked at the United Nations Conference on Trade and Development (UNCTAD) and as a consultant for the United Nations Economic Commission for Latin America and the Caribbean (ECLAC). A doctor of law with wide experience in international relations and litigation, he is the author of numerous books and articles on sovereign financing, economic complicity, and human rights.