Sovereign debt management

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Where to find it

Law Library — 3rd Floor Collection (3rd floor)

Call Number
K4450 .S67 2014 c. 2
Status
Available

Law Library — Special Collections (1st floor)

Call Number
K4450 .S67 2014
Status
In-Library Use Only

Authors, etc.

Names:

Summary

Sovereign debt is a complex and highly topical area of law and this work represents a new main reference book on the subject bringing together contributions from world leading practitioners, scholars and regulators.Divided into five parts the book opens with a part on restructuring which analyses contractual provisions and the role of institutions such as the International Monetary Fund. The second part, on enforcement, considers the position of a sovereign as a defendant analyzing the availability of special immunities and matters of defense and arbitration pertinent to sovereign debt.Part three of the book is concerned with complicating factors such as economic, political or banking crises and how these relate and complicate the task of addressing an unsustainable sovereign debt stock. In this section the particular and topical issues concerned with restructuring in a monetary union are explained. The fourth part provides economists' explanations of why and how sovereigns borrow and the causes of a sovereign debt, which enriches understanding by providing context to the purely legal aspects of the work. The book closes with a section which covers proposed reform to sovereign debt systems.Dedicated to the leading expert Lee Buchheit, this work contains comprehensive and rigorous analysis on sovereign debt management which no specialist should be without.

Contents

  • Part I Sovereign Debt Restructuring
  • 1 Minimising Hold Out Creditors: Sticks Lee Buchheit and Elena Daly
  • 2 Minimising Hold Out Creditors: Carrots Lee Buchheit and Elena Daly
  • 3 Manging Hold-outs: The case of the 2012 Greek Exchange Mitu Gulati and Jeromin Zettelmeyer and Christoph Trebesch
  • 4 Revisiting the pari passu clause Georges Affaki
  • 5 The Role of the IMF Rosa Lastra
  • 6 Debt Relief for Low Income Countries Thomas Duvall
  • 7 The Longer Term Consequences of Sovereign Debt Restructuring Odette Lienau
  • Part II Enforcement of Sovereign Debt
  • 8 Defences Carmine D. Boccuzzi Jr.
  • 9 Special Immunities: Central Bank Immunity Thomas Baxter and David Gross
  • 10 Special Immunities: Bank for International Settlements Diego Devos
  • 11 Creditor Remedies Mark Weidemaier and Ryan McCarl
  • 12 Sovereign Arbitration Karen Cross
  • Part III Complicating Factors
  • 13 Restructuring in a Monetary Union: Legal Aspects Antonio Sainz de Vicuna
  • 14 Restructuring in a Monetary Union: Economic Aspects Daniel Gros
  • 15 Sovereign Debt and Baking Crises: An 'Arial View' Anna Gelpern
  • 16 International Leader of Last Resort Adam Lerrick
  • 17 Odious Debt William Blair
  • 18 Sovereign Contingent Liabilites Lee Buchheit and Mitu Gulati
  • Part IV Economics of Sovereign Borrowing
  • 19 Why Governments Default Willem Buiter and Ebrahim Rahbari
  • 20 Sovereign Debt Markets Gene Frieda
  • 21 Borrowing and Debt: How sovereigns get into trouble Arturo Porzecanski
  • Part V Proposals to Reform Sovereign Debt Systems
  • 22 Statutory Sovereign Debt Resolution Mechanisms (SDRM) Rodrigo Olivares Caminal
  • 23 Debt Restructuring and Economic Recovery Sean Hagan
  • 24 Corporate Bankruptcy Law and State Insolvencies Philip Wood
  • 25 European Collective Action Clauses David Billington
  • 26 Euro Zone Financial Rescue and Stabilization Measures and their Legal Foundations Andrew Yianni
  • 27 UNCTAD Principles on Responsible Sovereign Financing Juan Pablo Bohoslavsky and Yuefen Li
  • 28 Sovereign Debt in the Light of Eternity Lee Buchheit

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