Overcoming Developing Country Debt Crises PDF Download
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Author | : Barry Herman |
Publisher | : Oxford University Press |
Total Pages | : 532 |
Release | : 2010-04 |
Genre | : Business & Economics |
ISBN | : 0199578788 |
Download Overcoming Developing Country Debt Crises Book in PDF, ePub and Kindle
The book looks at historical sovereign debt crises in developing and transition economies, and concludes that these occurrences have been economic and social catastrophes and are likely to happen again in the future due to the boom and bust nature of economic cycles, which can wreak havoc in liberalized financial environments.
Author | : Barry Herman |
Publisher | : OUP Oxford |
Total Pages | : 544 |
Release | : 2010-04-01 |
Genre | : Debts, External |
ISBN | : 9780191573699 |
Download Overcoming Developing Country Debt Crises Book in PDF, ePub and Kindle
Developing country debt crises have been a recurrent phenomenon over the past two centuries. In recent times sovereign debt insolvency crises in developing and emerging economies peaked in the 1980s and, again, from the middle 1990s to the start of the new millennium. Despite the fact that several developing countries now have stronger economic fundamentals than they did in the 1990s, sovereign debt crises will reoccur again. The reasons for this are numerous, but the central one is that economic fluctuations are inherent features of financial markets, the boom and bust nature of which intensify under liberalized financial environments that developing countries have increasingly adopted since the 1970s. Indeed, today we are in the midst of an almost unprecedented global "bust." The timing of the book is important. The conventional wisdom is that the international economic and financial system is broken. Policymakers in both the poorest and the richest countries are likely to seriously consider how to restructure the international trade and financial system, including how to resolve sovereign debt crises in a more effective and fair manner. This book calls for the international reform of sovereign debt workouts which derives from both economic theory and real-world experiences. Country case studies underline the point that we need to do better. This book recognizes that the politics of the international treatment of sovereign debt have not supported systemic reform efforts thus far; however, failure in the past does not preclude success in the future in an evolving international political environment, and the book thus puts forth alternative reform ideas for consideration.
Author | : Ishrat Husain |
Publisher | : World Bank Publications |
Total Pages | : 326 |
Release | : 1989 |
Genre | : Business & Economics |
ISBN | : 9780821312469 |
Download Dealing with the Debt Crisis Book in PDF, ePub and Kindle
The debt crisis in perspective; Debt management in the late 1980s; Debt reduction and recontracting.
Author | : Chris Jochnick |
Publisher | : Oxford University Press |
Total Pages | : 336 |
Release | : 2006-04-13 |
Genre | : Business & Economics |
ISBN | : 0190290579 |
Download Sovereign Debt at the Crossroads Book in PDF, ePub and Kindle
Recent world events have created a compelling need for new perspectives and realistic solutions to the problem of sovereign debt. The success of the Jubilee 2000 movement in raising public awareness of the devastating effects of debt, coupled with the highly publicized Bono/O'Neill tour of Africa, and the spectacular default and economic implosion of Argentina have helped spur a global debate over debt. A growing chorus of globalization critics, galvanized by the Catholic Church's demand for forgiveness and bolstered by recent defaults, has put debt near the top of the international agenda. Creditor governments and international financial institutions have belatedly recognized the need for more sustainable progress on debt as an inescapable step towards economic recovery in many parts of the world. This book is intended to advance the dialogue around these issues by providing a comprehensive overview of the problems raised by debt and describing new and practical approaches to overcoming them. It will be the first in more than a decade to bring together under one cover the voices of prominent members of the international debt community. It will include pieces from the most relevant constituencies: from creditors (the IMF/World Bank, government lenders, private investors) to critics (debtor representatives, activists, and academics) and analysis from economists, bankers, lawyers, social scientists, and politicians. As contributions come from such leading thinkers across a range of disciplines, this book will offer a timely guide for understanding and influencing the debt debate.
Author | : Juan Pablo Bohoslavsky |
Publisher | : Cambridge University Press |
Total Pages | : 310 |
Release | : 2017-11-02 |
Genre | : Law |
ISBN | : 1108247288 |
Download Sovereign Debt Crises Book in PDF, ePub and Kindle
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.
Author | : Christian Barry |
Publisher | : Wiley-Blackwell |
Total Pages | : 364 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : |
Download Dealing Fairly with Developing Country Debt Book in PDF, ePub and Kindle
The recent economic collapse in Argentina and financial crisis in Turkey, and the persistent unsustainable debt burdens of many developing countries highlight the practically urgent problem of excessive indebtedness. High debt levels can limit a sovereign government’s capacity to provide social services necessary for the well-being of its citizens, and divert resources and energy from the pursuit of long-term development strategies. In this book, philosophers, theologians, lawyers and economists examine questions related to how to deal fairly with the over-indebted governments of developing countries. These questions include: How do you balance obligations to repay a debt with potentially worsening poverty in the debtor country? Should creditors be held accountable—and if so, how—for loans to governments that are not even minimally representative of their people's interests? Are there reforms to the practices governing sovereign borrowing and lending to sovereigns that would increase fairness in how the world treats developing countries with debt difficulties?
Author | : Helmut Reisen |
Publisher | : Development Centre of the Organisation for Economic Co-operation and Development ; Washington, D.C. : OECD Publications and Information Centre |
Total Pages | : 206 |
Release | : 1988 |
Genre | : Business & Economics |
ISBN | : |
Download Developing Country Debt Book in PDF, ePub and Kindle
Author | : Stanley Fischer |
Publisher | : World Bank Publications |
Total Pages | : 33 |
Release | : 1988 |
Genre | : Debts, External |
ISBN | : |
Download Economic Development and the Debt Crisis Book in PDF, ePub and Kindle
Debtors and creditors, including the international institutions, should work toward longer-term adjustment plans that ensure debtor countries of adequate resource flows over several years and that lead to needed policy changes during the period of adjustment.
Author | : Indermit Singh Gill |
Publisher | : World Bank Publications |
Total Pages | : 43 |
Release | : 2005 |
Genre | : Debts, Public |
ISBN | : |
Download Public Debt in Developing Countries Book in PDF, ePub and Kindle
"Over the past 25 years, significant levels of public debt and external finance are more likely to have enhanced macroeconomic vulnerability than economic growth in developing countries. This applies not just to countries with a history of high inflation and past default, but also to those in East Asia, with a long tradition of prudent macroeconomic policies and rapid growth. The authors examine why with the help of a conceptual framework drawn from the growth, capital flows, and crisis literature for developing countries with access to the international capital markets (market access countries or MACs). They find that, while the chances of another generalized debt crisis have receded since the turbulence of the late 1990s, sovereign debt is indeed constraining growth in MACs, especially those with debt sustainability problems ... " -- Cover verso.
Author | : Peter Nunnenkamp |
Publisher | : |
Total Pages | : 230 |
Release | : 1986 |
Genre | : Debts, External |
ISBN | : |
Download The International Debt Crisis of the Third World Book in PDF, ePub and Kindle
Tackle the Third Worlds' debt problems.