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РусскийRoundtable: Dealing Justly with Debt
- Resolving International Debt Crises Fairly [Full Text]
| Ann Pettifor | 09/15/2003
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. - The Constructive Role of Private Creditors [Full Text]
| Arturo C. Porzecanski | 09/15/2003
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. - Reviving Troubled Economies [Full Text]
| Jack Boorman | 09/15/2003
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. - Sovereign Debt Restructuring Proposals: A Comparative Look [Full Text]
| Thomas I. Palley | 09/15/2003
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. - Introduction: Dealing Justly with Debt [Full Text]
| 09/04/2003
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.