Too Little, Too Late : : The Quest to Resolve Sovereign Debt Crises / / ed. by Martin Guzman, José Antonio Ocampo, Joseph E. Stiglitz.
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 rec...
Saved in:
Superior document: | Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2016 |
---|---|
MitwirkendeR: | |
HerausgeberIn: | |
Place / Publishing House: | New York, NY : : Columbia University Press, , [2016] ©2016 |
Year of Publication: | 2016 |
Language: | English |
Series: | Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization
|
Online Access: | |
Physical Description: | 1 online resource (312 p.) :; 13 b&w illustrations |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
9780231542029 |
---|---|
ctrlnum |
(DE-B1597)479859 (OCoLC)971035920 |
collection |
bib_alma |
record_format |
marc |
spelling |
Too Little, Too Late : The Quest to Resolve Sovereign Debt Crises / ed. by Martin Guzman, José Antonio Ocampo, Joseph E. Stiglitz. New York, NY : Columbia University Press, [2016] ©2016 1 online resource (312 p.) : 13 b&w illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization Frontmatter -- Contents -- Acknowledgments -- Introduction -- Part I. General Issues of Sovereign Debt Restructuring -- 1. Creating a Framework for Sovereign Debt Restructuring That Works -- 2. Sovereign Debt of Developing Countries: Overview of Trends and Policy Perspectives -- 3. Private Creditor Power and the Politics of Sovereign Debt Governance -- Part II. Two Case Studies: Argentina and Greece -- 4. From the Pari Passu Discussion to the "Illegality" of Making Payments: The Case of Argentina -- 5. Greek Debt Denial: A Modest Debt Restructuring Proposal and Why It Was Ignored -- Part III. Improvements to the Contractual Approach -- 6. Count the Limbs: Designing Robust Aggregation Clauses in Sovereign Bonds -- 7. Contractual and Voluntary Approaches to Sovereign Debt Restructuring: There Is Still More to Do -- 8. Sovereign Debt Restructuring: A Coasean Perspective -- 9. Creditor Committees in Sovereign Debt Restructurings: Understanding the Benefits and Addressing Concerns -- Part IV. Proposals for a Multinational Framework for Sovereign Debt Restructuring: Principles, Elements, and Institutionalization -- 10. A Brief History of Sovereign Debt Resolution and a Proposal for a Multilateral Instrument -- 11. Toward a Multilateral Framework for Recovery from Sovereign Insolvency -- 12. Making a Legal Framework for Sovereign Debt Restructuring Operational: The Case for a Sovereign Debt Workout Institution -- 13. Perspectives on a Sovereign Debt Restructuring Framework: Less Is More -- 14. Toward a Framework for Sovereign Debt Restructuring: What Can Public International Law Contribute? -- 15. Debts, Human Rights, and the Rule of Law: Advocating a Fair and Efficient Sovereign Insolvency Model -- Contributors -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star 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 debtors is a basic principle of a well-functioning market economy, yet there is no international bankruptcy framework for sovereign debts. While this problem is not new, the United Nations and the global community are now willing to do something about it. Providing guidance for those who intend to take up reform, this book assesses the relative merits of various debt-restructuring proposals, especially in relation to the main deficiencies of the current nonsystem. With contributions by leading academics and practitioners, Too Little, Too Late reflects the overwhelming consensus among specialists on the need to find workable solutions. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022) Debts, Public. Financial crises. International law. Monetary policy. BUSINESS & ECONOMICS / Economics / Macroeconomics. bisacsh Brooks, Skylar, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Chodos, Sergio, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Conn, Richard A., contributor. ctb https://id.loc.gov/vocabulary/relators/ctb DeSieno, Timothy B., contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Gelpern, Anna, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Gitlin, Richard, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Guzman, Martin, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Guzman, Martin, editor. edt http://id.loc.gov/vocabulary/relators/edt Haley, James A., contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Heller, Ben, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Herman, Barry, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb House, Brett, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Howse, Robert, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Kaiser, Jürgen, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Lombardi, Domenico, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Ocampo, José Antonio, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Ocampo, José Antonio, editor. edt http://id.loc.gov/vocabulary/relators/edt Raffer, Kunibert, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Stiglitz, Joseph E., contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Stiglitz, Joseph E., editor. edt http://id.loc.gov/vocabulary/relators/edt Uy, Marilou, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Varoufakis, Yanis, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Zhou, Shichao, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2016 9783110638578 print 9780231179263 https://doi.org/10.7312/guzm17926 https://www.degruyter.com/isbn/9780231542029 Cover https://www.degruyter.com/document/cover/isbn/9780231542029/original |
language |
English |
format |
eBook |
author2 |
Brooks, Skylar, Brooks, Skylar, Chodos, Sergio, Chodos, Sergio, Conn, Richard A., Conn, Richard A., DeSieno, Timothy B., DeSieno, Timothy B., Gelpern, Anna, Gelpern, Anna, Gitlin, Richard, Gitlin, Richard, Guzman, Martin, Guzman, Martin, Guzman, Martin, Guzman, Martin, Haley, James A., Haley, James A., Heller, Ben, Heller, Ben, Herman, Barry, Herman, Barry, House, Brett, House, Brett, Howse, Robert, Howse, Robert, Kaiser, Jürgen, Kaiser, Jürgen, Lombardi, Domenico, Lombardi, Domenico, Ocampo, José Antonio, Ocampo, José Antonio, Ocampo, José Antonio, Ocampo, José Antonio, Raffer, Kunibert, Raffer, Kunibert, Stiglitz, Joseph E., Stiglitz, Joseph E., Stiglitz, Joseph E., Stiglitz, Joseph E., Uy, Marilou, Uy, Marilou, Varoufakis, Yanis, Varoufakis, Yanis, Zhou, Shichao, Zhou, Shichao, |
author_facet |
Brooks, Skylar, Brooks, Skylar, Chodos, Sergio, Chodos, Sergio, Conn, Richard A., Conn, Richard A., DeSieno, Timothy B., DeSieno, Timothy B., Gelpern, Anna, Gelpern, Anna, Gitlin, Richard, Gitlin, Richard, Guzman, Martin, Guzman, Martin, Guzman, Martin, Guzman, Martin, Haley, James A., Haley, James A., Heller, Ben, Heller, Ben, Herman, Barry, Herman, Barry, House, Brett, House, Brett, Howse, Robert, Howse, Robert, Kaiser, Jürgen, Kaiser, Jürgen, Lombardi, Domenico, Lombardi, Domenico, Ocampo, José Antonio, Ocampo, José Antonio, Ocampo, José Antonio, Ocampo, José Antonio, Raffer, Kunibert, Raffer, Kunibert, Stiglitz, Joseph E., Stiglitz, Joseph E., Stiglitz, Joseph E., Stiglitz, Joseph E., Uy, Marilou, Uy, Marilou, Varoufakis, Yanis, Varoufakis, Yanis, Zhou, Shichao, Zhou, Shichao, |
author2_variant |
s b sb s b sb s c sc s c sc r a c ra rac r a c ra rac t b d tb tbd t b d tb tbd a g ag a g ag r g rg r g rg m g mg m g mg m g mg m g mg j a h ja jah j a h ja jah b h bh b h bh b h bh b h bh b h bh b h bh r h rh r h rh j k jk j k jk d l dl d l dl j a o ja jao j a o ja jao j a o ja jao j a o ja jao k r kr k r kr j e s je jes j e s je jes j e s je jes j e s je jes m u mu m u mu y v yv y v yv s z sz s z sz |
author2_role |
MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR HerausgeberIn HerausgeberIn MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR HerausgeberIn HerausgeberIn MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR HerausgeberIn HerausgeberIn MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR |
author_sort |
Brooks, Skylar, |
title |
Too Little, Too Late : The Quest to Resolve Sovereign Debt Crises / |
spellingShingle |
Too Little, Too Late : The Quest to Resolve Sovereign Debt Crises / Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization Frontmatter -- Contents -- Acknowledgments -- Introduction -- Part I. General Issues of Sovereign Debt Restructuring -- 1. Creating a Framework for Sovereign Debt Restructuring That Works -- 2. Sovereign Debt of Developing Countries: Overview of Trends and Policy Perspectives -- 3. Private Creditor Power and the Politics of Sovereign Debt Governance -- Part II. Two Case Studies: Argentina and Greece -- 4. From the Pari Passu Discussion to the "Illegality" of Making Payments: The Case of Argentina -- 5. Greek Debt Denial: A Modest Debt Restructuring Proposal and Why It Was Ignored -- Part III. Improvements to the Contractual Approach -- 6. Count the Limbs: Designing Robust Aggregation Clauses in Sovereign Bonds -- 7. Contractual and Voluntary Approaches to Sovereign Debt Restructuring: There Is Still More to Do -- 8. Sovereign Debt Restructuring: A Coasean Perspective -- 9. Creditor Committees in Sovereign Debt Restructurings: Understanding the Benefits and Addressing Concerns -- Part IV. Proposals for a Multinational Framework for Sovereign Debt Restructuring: Principles, Elements, and Institutionalization -- 10. A Brief History of Sovereign Debt Resolution and a Proposal for a Multilateral Instrument -- 11. Toward a Multilateral Framework for Recovery from Sovereign Insolvency -- 12. Making a Legal Framework for Sovereign Debt Restructuring Operational: The Case for a Sovereign Debt Workout Institution -- 13. Perspectives on a Sovereign Debt Restructuring Framework: Less Is More -- 14. Toward a Framework for Sovereign Debt Restructuring: What Can Public International Law Contribute? -- 15. Debts, Human Rights, and the Rule of Law: Advocating a Fair and Efficient Sovereign Insolvency Model -- Contributors -- Index |
title_sub |
The Quest to Resolve Sovereign Debt Crises / |
title_full |
Too Little, Too Late : The Quest to Resolve Sovereign Debt Crises / ed. by Martin Guzman, José Antonio Ocampo, Joseph E. Stiglitz. |
title_fullStr |
Too Little, Too Late : The Quest to Resolve Sovereign Debt Crises / ed. by Martin Guzman, José Antonio Ocampo, Joseph E. Stiglitz. |
title_full_unstemmed |
Too Little, Too Late : The Quest to Resolve Sovereign Debt Crises / ed. by Martin Guzman, José Antonio Ocampo, Joseph E. Stiglitz. |
title_auth |
Too Little, Too Late : The Quest to Resolve Sovereign Debt Crises / |
title_alt |
Frontmatter -- Contents -- Acknowledgments -- Introduction -- Part I. General Issues of Sovereign Debt Restructuring -- 1. Creating a Framework for Sovereign Debt Restructuring That Works -- 2. Sovereign Debt of Developing Countries: Overview of Trends and Policy Perspectives -- 3. Private Creditor Power and the Politics of Sovereign Debt Governance -- Part II. Two Case Studies: Argentina and Greece -- 4. From the Pari Passu Discussion to the "Illegality" of Making Payments: The Case of Argentina -- 5. Greek Debt Denial: A Modest Debt Restructuring Proposal and Why It Was Ignored -- Part III. Improvements to the Contractual Approach -- 6. Count the Limbs: Designing Robust Aggregation Clauses in Sovereign Bonds -- 7. Contractual and Voluntary Approaches to Sovereign Debt Restructuring: There Is Still More to Do -- 8. Sovereign Debt Restructuring: A Coasean Perspective -- 9. Creditor Committees in Sovereign Debt Restructurings: Understanding the Benefits and Addressing Concerns -- Part IV. Proposals for a Multinational Framework for Sovereign Debt Restructuring: Principles, Elements, and Institutionalization -- 10. A Brief History of Sovereign Debt Resolution and a Proposal for a Multilateral Instrument -- 11. Toward a Multilateral Framework for Recovery from Sovereign Insolvency -- 12. Making a Legal Framework for Sovereign Debt Restructuring Operational: The Case for a Sovereign Debt Workout Institution -- 13. Perspectives on a Sovereign Debt Restructuring Framework: Less Is More -- 14. Toward a Framework for Sovereign Debt Restructuring: What Can Public International Law Contribute? -- 15. Debts, Human Rights, and the Rule of Law: Advocating a Fair and Efficient Sovereign Insolvency Model -- Contributors -- Index |
title_new |
Too Little, Too Late : |
title_sort |
too little, too late : the quest to resolve sovereign debt crises / |
series |
Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization |
series2 |
Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization |
publisher |
Columbia University Press, |
publishDate |
2016 |
physical |
1 online resource (312 p.) : 13 b&w illustrations Issued also in print. |
contents |
Frontmatter -- Contents -- Acknowledgments -- Introduction -- Part I. General Issues of Sovereign Debt Restructuring -- 1. Creating a Framework for Sovereign Debt Restructuring That Works -- 2. Sovereign Debt of Developing Countries: Overview of Trends and Policy Perspectives -- 3. Private Creditor Power and the Politics of Sovereign Debt Governance -- Part II. Two Case Studies: Argentina and Greece -- 4. From the Pari Passu Discussion to the "Illegality" of Making Payments: The Case of Argentina -- 5. Greek Debt Denial: A Modest Debt Restructuring Proposal and Why It Was Ignored -- Part III. Improvements to the Contractual Approach -- 6. Count the Limbs: Designing Robust Aggregation Clauses in Sovereign Bonds -- 7. Contractual and Voluntary Approaches to Sovereign Debt Restructuring: There Is Still More to Do -- 8. Sovereign Debt Restructuring: A Coasean Perspective -- 9. Creditor Committees in Sovereign Debt Restructurings: Understanding the Benefits and Addressing Concerns -- Part IV. Proposals for a Multinational Framework for Sovereign Debt Restructuring: Principles, Elements, and Institutionalization -- 10. A Brief History of Sovereign Debt Resolution and a Proposal for a Multilateral Instrument -- 11. Toward a Multilateral Framework for Recovery from Sovereign Insolvency -- 12. Making a Legal Framework for Sovereign Debt Restructuring Operational: The Case for a Sovereign Debt Workout Institution -- 13. Perspectives on a Sovereign Debt Restructuring Framework: Less Is More -- 14. Toward a Framework for Sovereign Debt Restructuring: What Can Public International Law Contribute? -- 15. Debts, Human Rights, and the Rule of Law: Advocating a Fair and Efficient Sovereign Insolvency Model -- Contributors -- Index |
isbn |
9780231542029 9783110638578 9780231179263 |
callnumber-first |
H - Social Science |
callnumber-subject |
HJ - Public Finance |
callnumber-label |
HJ8017 |
callnumber-sort |
HJ 48017 T66 42017 |
url |
https://doi.org/10.7312/guzm17926 https://www.degruyter.com/isbn/9780231542029 https://www.degruyter.com/document/cover/isbn/9780231542029/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
336 - Public finance |
dewey-full |
336.3 |
dewey-sort |
3336.3 |
dewey-raw |
336.3 |
dewey-search |
336.3 |
doi_str_mv |
10.7312/guzm17926 |
oclc_num |
971035920 |
work_keys_str_mv |
AT brooksskylar toolittletoolatethequesttoresolvesovereigndebtcrises AT chodossergio toolittletoolatethequesttoresolvesovereigndebtcrises AT connricharda toolittletoolatethequesttoresolvesovereigndebtcrises AT desienotimothyb toolittletoolatethequesttoresolvesovereigndebtcrises AT gelpernanna toolittletoolatethequesttoresolvesovereigndebtcrises AT gitlinrichard toolittletoolatethequesttoresolvesovereigndebtcrises AT guzmanmartin toolittletoolatethequesttoresolvesovereigndebtcrises AT haleyjamesa toolittletoolatethequesttoresolvesovereigndebtcrises AT hellerben toolittletoolatethequesttoresolvesovereigndebtcrises AT hermanbarry toolittletoolatethequesttoresolvesovereigndebtcrises AT housebrett toolittletoolatethequesttoresolvesovereigndebtcrises AT howserobert toolittletoolatethequesttoresolvesovereigndebtcrises AT kaiserjurgen toolittletoolatethequesttoresolvesovereigndebtcrises AT lombardidomenico toolittletoolatethequesttoresolvesovereigndebtcrises AT ocampojoseantonio toolittletoolatethequesttoresolvesovereigndebtcrises AT rafferkunibert toolittletoolatethequesttoresolvesovereigndebtcrises AT stiglitzjosephe toolittletoolatethequesttoresolvesovereigndebtcrises AT uymarilou toolittletoolatethequesttoresolvesovereigndebtcrises AT varoufakisyanis toolittletoolatethequesttoresolvesovereigndebtcrises AT zhoushichao toolittletoolatethequesttoresolvesovereigndebtcrises |
status_str |
n |
ids_txt_mv |
(DE-B1597)479859 (OCoLC)971035920 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2016 |
is_hierarchy_title |
Too Little, Too Late : The Quest to Resolve Sovereign Debt Crises / |
container_title |
Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2016 |
author2_original_writing_str_mv |
noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField noLinkedField |
_version_ |
1770176063575425024 |
fullrecord |
<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>07985nam a22010455i 4500</leader><controlfield tag="001">9780231542029</controlfield><controlfield tag="003">DE-B1597</controlfield><controlfield tag="005">20220302035458.0</controlfield><controlfield tag="006">m|||||o||d||||||||</controlfield><controlfield tag="007">cr || ||||||||</controlfield><controlfield tag="008">220302t20162016nyu fo d z eng d</controlfield><datafield tag="019" ind1=" " ind2=" "><subfield code="a">(OCoLC)979575200</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9780231542029</subfield></datafield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.7312/guzm17926</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-B1597)479859</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)971035920</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-B1597</subfield><subfield code="b">eng</subfield><subfield code="c">DE-B1597</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">nyu</subfield><subfield code="c">US-NY</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">HJ8017</subfield><subfield code="b">.T66 2017</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS039000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="082" ind1="0" ind2="4"><subfield code="a">336.3</subfield><subfield code="2">23</subfield></datafield><datafield tag="245" ind1="0" ind2="0"><subfield code="a">Too Little, Too Late :</subfield><subfield code="b">The Quest to Resolve Sovereign Debt Crises /</subfield><subfield code="c">ed. by Martin Guzman, José Antonio Ocampo, Joseph E. Stiglitz.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">New York, NY : </subfield><subfield code="b">Columbia University Press, </subfield><subfield code="c">[2016]</subfield></datafield><datafield tag="264" ind1=" " ind2="4"><subfield code="c">©2016</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (312 p.) :</subfield><subfield code="b">13 b&w illustrations</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="347" ind1=" " ind2=" "><subfield code="a">text file</subfield><subfield code="b">PDF</subfield><subfield code="2">rda</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization</subfield></datafield><datafield tag="505" ind1="0" ind2="0"><subfield code="t">Frontmatter -- </subfield><subfield code="t">Contents -- </subfield><subfield code="t">Acknowledgments -- </subfield><subfield code="t">Introduction -- </subfield><subfield code="t">Part I. General Issues of Sovereign Debt Restructuring -- </subfield><subfield code="t">1. Creating a Framework for Sovereign Debt Restructuring That Works -- </subfield><subfield code="t">2. Sovereign Debt of Developing Countries: Overview of Trends and Policy Perspectives -- </subfield><subfield code="t">3. Private Creditor Power and the Politics of Sovereign Debt Governance -- </subfield><subfield code="t">Part II. Two Case Studies: Argentina and Greece -- </subfield><subfield code="t">4. From the Pari Passu Discussion to the "Illegality" of Making Payments: The Case of Argentina -- </subfield><subfield code="t">5. Greek Debt Denial: A Modest Debt Restructuring Proposal and Why It Was Ignored -- </subfield><subfield code="t">Part III. Improvements to the Contractual Approach -- </subfield><subfield code="t">6. Count the Limbs: Designing Robust Aggregation Clauses in Sovereign Bonds -- </subfield><subfield code="t">7. Contractual and Voluntary Approaches to Sovereign Debt Restructuring: There Is Still More to Do -- </subfield><subfield code="t">8. Sovereign Debt Restructuring: A Coasean Perspective -- </subfield><subfield code="t">9. Creditor Committees in Sovereign Debt Restructurings: Understanding the Benefits and Addressing Concerns -- </subfield><subfield code="t">Part IV. Proposals for a Multinational Framework for Sovereign Debt Restructuring: Principles, Elements, and Institutionalization -- </subfield><subfield code="t">10. A Brief History of Sovereign Debt Resolution and a Proposal for a Multilateral Instrument -- </subfield><subfield code="t">11. Toward a Multilateral Framework for Recovery from Sovereign Insolvency -- </subfield><subfield code="t">12. Making a Legal Framework for Sovereign Debt Restructuring Operational: The Case for a Sovereign Debt Workout Institution -- </subfield><subfield code="t">13. Perspectives on a Sovereign Debt Restructuring Framework: Less Is More -- </subfield><subfield code="t">14. Toward a Framework for Sovereign Debt Restructuring: What Can Public International Law Contribute? -- </subfield><subfield code="t">15. Debts, Human Rights, and the Rule of Law: Advocating a Fair and Efficient Sovereign Insolvency Model -- </subfield><subfield code="t">Contributors -- </subfield><subfield code="t">Index</subfield></datafield><datafield tag="506" ind1="0" ind2=" "><subfield code="a">restricted access</subfield><subfield code="u">http://purl.org/coar/access_right/c_16ec</subfield><subfield code="f">online access with authorization</subfield><subfield code="2">star</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">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 debtors is a basic principle of a well-functioning market economy, yet there is no international bankruptcy framework for sovereign debts. While this problem is not new, the United Nations and the global community are now willing to do something about it. Providing guidance for those who intend to take up reform, this book assesses the relative merits of various debt-restructuring proposals, especially in relation to the main deficiencies of the current nonsystem. With contributions by leading academics and practitioners, Too Little, Too Late reflects the overwhelming consensus among specialists on the need to find workable solutions.</subfield></datafield><datafield tag="530" ind1=" " ind2=" "><subfield code="a">Issued also in print.</subfield></datafield><datafield tag="538" ind1=" " ind2=" "><subfield code="a">Mode of access: Internet via World Wide Web.</subfield></datafield><datafield tag="546" ind1=" " ind2=" "><subfield code="a">In English.</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022)</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Debts, Public.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Financial crises.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">International law.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Monetary policy.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS / Economics / Macroeconomics.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Brooks, Skylar, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Chodos, Sergio, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Conn, Richard A., </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">DeSieno, Timothy B., </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Gelpern, Anna, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Gitlin, Richard, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Guzman, Martin, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Guzman, Martin, </subfield><subfield code="e">editor.</subfield><subfield code="4">edt</subfield><subfield code="4">http://id.loc.gov/vocabulary/relators/edt</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Haley, James A., </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Heller, Ben, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Herman, Barry, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">House, Brett, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Howse, Robert, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Kaiser, Jürgen, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Lombardi, Domenico, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Ocampo, José Antonio, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Ocampo, José Antonio, </subfield><subfield code="e">editor.</subfield><subfield code="4">edt</subfield><subfield code="4">http://id.loc.gov/vocabulary/relators/edt</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Raffer, Kunibert, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Stiglitz, Joseph E., </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Stiglitz, Joseph E., </subfield><subfield code="e">editor.</subfield><subfield code="4">edt</subfield><subfield code="4">http://id.loc.gov/vocabulary/relators/edt</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Uy, Marilou, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Varoufakis, Yanis, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Zhou, Shichao, </subfield><subfield code="e">contributor.</subfield><subfield code="4">ctb</subfield><subfield code="4">https://id.loc.gov/vocabulary/relators/ctb</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Title is part of eBook package:</subfield><subfield code="d">De Gruyter</subfield><subfield code="t">Columbia University Press Complete eBook-Package 2016</subfield><subfield code="z">9783110638578</subfield></datafield><datafield tag="776" ind1="0" ind2=" "><subfield code="c">print</subfield><subfield code="z">9780231179263</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.7312/guzm17926</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://www.degruyter.com/isbn/9780231542029</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="3">Cover</subfield><subfield code="u">https://www.degruyter.com/document/cover/isbn/9780231542029/original</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">978-3-11-063857-8 Columbia University Press Complete eBook-Package 2016</subfield><subfield code="b">2016</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_BACKALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_CL_LAEC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_EBACKALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_EBKALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_ECL_LAEC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_EEBKALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_ESSHALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_ESTMALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_PPALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_SSHALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_STMALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV-deGruyter-alles</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA11SSHE</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA12STME</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA13ENGE</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA17SSHEE</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA18STMEE</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA5EBK</subfield></datafield></record></collection> |