Overcoming Developing Country Debt Crises

ISBN: 9780199578795 出版年：2010 页码：532 Oxford University Press

INTRODUCTION 1. The case for a new international reform effort PART I: THE ANALYTICAL FRAMEWORK FOR DEBT POLICY 2. Sovereign debt: notes on theoretical frameworks and policy analyses 3. Reasons for limited sovereign risk management and how to improve it 4. Is domestic debt the answer to debt crises? PART II: CRISIS EXPERIENCES WHEN MOST CREDITS WERE PRIVATE 5. The 1980s crisis in syndicated bank lending to sovereigns and the sequence of mechanisms to fix it 6. Excess Returns on Emerging Market Bonds and the Framework for Sovereign Debt Restructuring 7. The Russian Federation: From Financial Pariah to Star Reformer 8. The Argentine debt: history, default and restructuring PART III: CRISIS EXPERIENCES WHEN MOST CREDITS WERE OFFICIAL 9. Paris Club: intergovernmental relations in debt restructuring 10. Ethiopian debt policy: the long road from Paris Club to the MDGs 11. Human development advocacy for debt relief, aid and governance PART IV: POLITICAL ECONOMY AND INSTITUTIONAL REFORM 12. The political economy of the SDRM 13. How CACs became boilerplate: governments in " change 14. Why the code of conduct for resolving sovereign debt crises falls short 15. Taking stock of proposals for more ordered workouts 16. How to rethink sovereign bankruptcy: a new role for IMF? CONCLUSION 17. Towards a Comprehensive Sovereign Debt Bankruptcy Regime