The Resource Restructuring sovereign debt : the case for ad hoc machinery, Lex Rieffel

Restructuring sovereign debt : the case for ad hoc machinery, Lex Rieffel

Label
Restructuring sovereign debt : the case for ad hoc machinery
Title
Restructuring sovereign debt
Title remainder
the case for ad hoc machinery
Statement of responsibility
Lex Rieffel
Creator
Subject
Language
eng
Summary
  • "When developing countries began experiencing debt problems in the late 1960s, the Paris Club took shape as "ad hoc machinery" to restructure debt from export credit agencies. A decade later the London Club process emerged to handle workouts of commercial bank debt. Restructuring debt in the form of bonds became an issue in the late 1990s in Argentina and several other nations, and the International Monetary Fund recently proposed a permanent mechanism to deal with that challenge." "By describing in detail the origins and operations of the London Club and Paris Club, Lex Rieffel highlights the pragmatism and flexibility associated with ad hoc approaches. He also recalls earlier proposals for creating permanent debt restructuring machinery and the reasons why they were not adopted. Recognizing that the issue of sovereign debt workout is complex, Rieffel has provided a comprehensive and detailed exposition of this important policy issue."
  • "Rieffel's book is an important tool for policymakers and the public, particularly as the global community-seeks to resolve the debt problems of countries as diverse as Argentina, Iraq, and Cote d'Ivoire."--BOOK JACKET
Cataloging source
DLC
Dewey number
336.3/6
Illustrations
illustrations
Index
index present
LC call number
HJ8899
LC item number
.R52 2003
Literary form
non fiction
Nature of contents
bibliography
Label
Restructuring sovereign debt : the case for ad hoc machinery, Lex Rieffel
Publication
Bibliography note
Includes bibliographical references (p. 317-325) and index
http://library.link/vocab/branchCode
  • zbnus
  • mel
Contents
1. Sovereign Default in the Bretton Woods Era -- 2. Fundamental Concepts -- 3. The Main Players -- 4. Fundamental Issues -- 5. The Paris Club -- 6. The Bank Advisory Committee (London Club) Process -- 7. The North-South Dialogue in the 1970s -- 8. The Debt Crisis of the 1980s and the Brady Plan Solution -- 9. The HIPC Initiative in the 1990s -- 10. The Post-1994 Crises and the Role of Bonds -- 11. The Debate over Private Sector Involvement, 1995-2002 -- 12. What Is Broken? What Fixes Make Sense? -- App. A. "Countries Don't Go Bankrupt" -- App. B. Five Milestone Cases
Control code
000024791721
Dimensions
24 cm
Extent
xv, 338 p.
Isbn
9780815774464
Lccn
2003015470
Other physical details
ill.
http://library.link/vocab/recordID
.b20396612
System control number
  • 24791721dw
  • (OCoLC)52602758

Library Locations

    • Deakin University Library - Melbourne Burwood CampusBorrow it
      221 Burwood Highway, Burwood, Victoria, 3125, AU
      -37.846510 145.115099
    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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