Roundtable: Dealing Justly with Debt
Introduction: Dealing Justly with Debt [Full Text]
09/04/03
The contributors to this roundtable investigate the broader question of how to structure sovereign debt negotiations so as to help prevent countries from falling into financial crises and indebtedness, and to enable those that do to avoid imposing unacceptable costs on other parties.
Resolving International Debt Crises Fairly [Full Text]
09/15/03
If global economic justice is to be achieved, debt crises must be assessed within the broader context of the international financial system. But this system has fostered instability and recurrent financial crises that have severely harmed poor countries and their people.
Author(s):
Ann Pettifor
Reviving Troubled Economies [Full Text]
09/15/03
The collapse in Argentina and the enormous cost paid by so many people in that country—as well as by the creditors of Argentina—from the massive financial and economic dislocation and disruption was not inevitable.
Author(s):
Jack Boorman
The Constructive Role of Private Creditors [Full Text]
09/15/03
Policy-makers in Washington and other capitals of G-7 countries have been flogging the idea that the functioning of the world’s financial markets must be improved by making it easier for insolvent governments to obtain debt relief.
Author(s):
Arturo C. Porzecanski
Sovereign Debt Restructuring Proposals: A Comparative Look [Full Text]
09/15/03
Regarding the problem of sovereign borrower insolvency, two factors must be considered in this discussion: The impact on economic efficiency, in particular the price of credit for developing countries, and a regard for considerations of justice and procedural fairness.
Author(s):
Thomas I. Palley
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