Author: Pierre Penet
Publisher: Oxford University Press
ISBN: 0198866356
Category : Business & Economics
Languages : en
Pages : 371
Book Description
Sovereign Debt Diplomacies revisits the meaning of sovereign debt in relation to colonial history and postcolonial developments.
Sovereign Debt Diplomacies
Author: Pierre Penet
Publisher: Oxford University Press
ISBN: 0198866356
Category : Business & Economics
Languages : en
Pages : 371
Book Description
Sovereign Debt Diplomacies revisits the meaning of sovereign debt in relation to colonial history and postcolonial developments.
Publisher: Oxford University Press
ISBN: 0198866356
Category : Business & Economics
Languages : en
Pages : 371
Book Description
Sovereign Debt Diplomacies revisits the meaning of sovereign debt in relation to colonial history and postcolonial developments.
Sovereign Debt Sustainability
Author: Daniel Cash
Publisher: Taylor & Francis
ISBN: 1000802574
Category : Business & Economics
Languages : en
Pages : 122
Book Description
In 2020, the G20 proposed a solution for the debt-related issues affecting the world’s poorest countries due to the COVID-19 pandemic. However, their initiatives have failed to meet their objectives. The author argues that the reason for this failure is the inability to bring sovereign countries to the table to re-negotiate their debt agreements with private creditors as they fear credit rating agencies and the prospect of a downgrade. The author refers to this as the ‘credit rating impasse’. This book proposes a novel solution. The author asserts that there is a need in the literature to unpick the dynamic that exists and creates that impasse, namely the pressures that exist between sovereign states, private creditors, credit rating agencies, and the geo-political backdrop that is massively influential in the dynamic, that is, the adversarial relationship between China and the US. This book addresses the recent history of debt treatment for poorer countries and related successes and failures: COVID-19-related issues and the development of the Debt Service Suspension Initiative and the Common Framework for Debt Treatment. This book examines the reasons for their failure by analysing the positions of the sovereign states, the division between private and official creditors and between multilateral institutions such as the IMF and the World Bank, credit rating agencies, and the competing political entities of China and the US. It presents a wider picture of the systemic underpinnings to such debt-related issues and, when examined through a geo-political perspective, the subsequent chances of future debt treatment-related successes. Licence line: The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.
Publisher: Taylor & Francis
ISBN: 1000802574
Category : Business & Economics
Languages : en
Pages : 122
Book Description
In 2020, the G20 proposed a solution for the debt-related issues affecting the world’s poorest countries due to the COVID-19 pandemic. However, their initiatives have failed to meet their objectives. The author argues that the reason for this failure is the inability to bring sovereign countries to the table to re-negotiate their debt agreements with private creditors as they fear credit rating agencies and the prospect of a downgrade. The author refers to this as the ‘credit rating impasse’. This book proposes a novel solution. The author asserts that there is a need in the literature to unpick the dynamic that exists and creates that impasse, namely the pressures that exist between sovereign states, private creditors, credit rating agencies, and the geo-political backdrop that is massively influential in the dynamic, that is, the adversarial relationship between China and the US. This book addresses the recent history of debt treatment for poorer countries and related successes and failures: COVID-19-related issues and the development of the Debt Service Suspension Initiative and the Common Framework for Debt Treatment. This book examines the reasons for their failure by analysing the positions of the sovereign states, the division between private and official creditors and between multilateral institutions such as the IMF and the World Bank, credit rating agencies, and the competing political entities of China and the US. It presents a wider picture of the systemic underpinnings to such debt-related issues and, when examined through a geo-political perspective, the subsequent chances of future debt treatment-related successes. Licence line: The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.
The International Law of Sovereign Debt Dispute Settlement
Author: Kei Nakajima
Publisher: Cambridge University Press
ISBN: 1009250035
Category : Law
Languages : en
Pages : 381
Book Description
The first two decades of the twenty-first century witnessed a series of large-scale sovereign defaults and debt restructurings, in which sovereigns struggled to negotiate with recalcitrant bondholders, particularly hedge funds. Also, the outbreak of the COVID-19 pandemic in 2020 heralded a bleak financial outlook for many developing and emerging market countries, requiring sovereign debt restructuring in times of great macroeconomic uncertainty. Given the absence of a multilateral mechanism for sovereign debt restructuring equivalent to domestic corporate bankruptcy system, however, defaulted sovereigns often suffer from holdout litigation wrought by bondholders. This book proposes ways in which such legal actions could be regulated without the undue expense of bondholders' remedies by exploring the mechanism of balancing bondholder protection and respect for sovereign debt restructuring at various stages of litigation and arbitration proceedings.
Publisher: Cambridge University Press
ISBN: 1009250035
Category : Law
Languages : en
Pages : 381
Book Description
The first two decades of the twenty-first century witnessed a series of large-scale sovereign defaults and debt restructurings, in which sovereigns struggled to negotiate with recalcitrant bondholders, particularly hedge funds. Also, the outbreak of the COVID-19 pandemic in 2020 heralded a bleak financial outlook for many developing and emerging market countries, requiring sovereign debt restructuring in times of great macroeconomic uncertainty. Given the absence of a multilateral mechanism for sovereign debt restructuring equivalent to domestic corporate bankruptcy system, however, defaulted sovereigns often suffer from holdout litigation wrought by bondholders. This book proposes ways in which such legal actions could be regulated without the undue expense of bondholders' remedies by exploring the mechanism of balancing bondholder protection and respect for sovereign debt restructuring at various stages of litigation and arbitration proceedings.
Global Lawmaking and Social Change
Author: Gregor Novak
Publisher: Bloomsbury Publishing
ISBN: 1509968504
Category : Law
Languages : en
Pages : 412
Book Description
Customary international law is a widely-recognised modality of international lawmaking. It underpins all norms of international law and shapes all aspects of global society. Yet familiar approaches to customary international law struggle to answer basic questions about its role, operation, and prospects. Pursuing an interdisciplinary approach, this book offers an alternative perspective on customary international law as a dynamic and multifaceted social phenomenon and idea. It explores customary international lawmaking in different social contexts, including the regulation of armed conflict, the treatment of the 'other', and the management of global environmental risks. Focusing on the 'varieties' of customary international law, it identifies four types of customary international law norms and explores their roles and implications. Critically revisiting a classic topic of international law, the book provides a tool for understanding and shaping global lawmaking and social change in a rapidly changing international legal order.
Publisher: Bloomsbury Publishing
ISBN: 1509968504
Category : Law
Languages : en
Pages : 412
Book Description
Customary international law is a widely-recognised modality of international lawmaking. It underpins all norms of international law and shapes all aspects of global society. Yet familiar approaches to customary international law struggle to answer basic questions about its role, operation, and prospects. Pursuing an interdisciplinary approach, this book offers an alternative perspective on customary international law as a dynamic and multifaceted social phenomenon and idea. It explores customary international lawmaking in different social contexts, including the regulation of armed conflict, the treatment of the 'other', and the management of global environmental risks. Focusing on the 'varieties' of customary international law, it identifies four types of customary international law norms and explores their roles and implications. Critically revisiting a classic topic of international law, the book provides a tool for understanding and shaping global lawmaking and social change in a rapidly changing international legal order.
Sovereign Debt Crises
Author: Juan Pablo Bohoslavsky
Publisher: Cambridge University Press
ISBN: 1316510441
Category : Business & Economics
Languages : en
Pages : 309
Book Description
Contributes to a better understanding of the policy, economic, and legal options of countries struggling with debt problems.
Publisher: Cambridge University Press
ISBN: 1316510441
Category : Business & Economics
Languages : en
Pages : 309
Book Description
Contributes to a better understanding of the policy, economic, and legal options of countries struggling with debt problems.
Imperialism and the Political Economy of Global South’s Debt
Author: Ndongo Samba Sylla
Publisher: Emerald Group Publishing
ISBN: 1802624856
Category : Business & Economics
Languages : en
Pages : 160
Book Description
Imperialism and the Political Economy of Global South’s Debt recognises the systemic nature of the Global South’s external debt, revealed only further by the economic uncertainty of the Covid-19 pandemic, as well as the need to analyse it in relation to existing imperialist structures.
Publisher: Emerald Group Publishing
ISBN: 1802624856
Category : Business & Economics
Languages : en
Pages : 160
Book Description
Imperialism and the Political Economy of Global South’s Debt recognises the systemic nature of the Global South’s external debt, revealed only further by the economic uncertainty of the Covid-19 pandemic, as well as the need to analyse it in relation to existing imperialist structures.
Pandemic Exposures
Author: Didier Fassin
Publisher: HAU Books
ISBN: 1912808803
Category : Social Science
Languages : en
Pages : 475
Book Description
For people and governments around the world, the onset of the COVID-19 pandemic seemed to place the preservation of human life at odds with the pursuit of economic and social life. Yet this simple alternative belies the complexity of the entanglements the crisis has created and revealed, not just between health and wealth but also around morality, knowledge, governance, culture, and everyday subsistence. Didier Fassin and Marion Fourcade have assembled an eminent team of scholars from across the social sciences, conducting research on six continents, to reflect on the multiple ways the coronavirus has entered, reshaped, or exacerbated existing trends and structures in every part of the globe. The contributors show how the disruptions caused by the pandemic have both hastened the rise of new social divisions and hardened old inequalities and dilemmas. An indispensable volume, Pandemic Exposures provides an illuminating analysis of this watershed moment and its possible aftermath.
Publisher: HAU Books
ISBN: 1912808803
Category : Social Science
Languages : en
Pages : 475
Book Description
For people and governments around the world, the onset of the COVID-19 pandemic seemed to place the preservation of human life at odds with the pursuit of economic and social life. Yet this simple alternative belies the complexity of the entanglements the crisis has created and revealed, not just between health and wealth but also around morality, knowledge, governance, culture, and everyday subsistence. Didier Fassin and Marion Fourcade have assembled an eminent team of scholars from across the social sciences, conducting research on six continents, to reflect on the multiple ways the coronavirus has entered, reshaped, or exacerbated existing trends and structures in every part of the globe. The contributors show how the disruptions caused by the pandemic have both hastened the rise of new social divisions and hardened old inequalities and dilemmas. An indispensable volume, Pandemic Exposures provides an illuminating analysis of this watershed moment and its possible aftermath.
Finance, Growth and Democracy: Connections and Challenges in Europe and Latin America in the Era of Permacrisis
Author: Dimitris Katsikas
Publisher: Springer Nature
ISBN: 3031684753
Category :
Languages : en
Pages : 364
Book Description
Publisher: Springer Nature
ISBN: 3031684753
Category :
Languages : en
Pages : 364
Book Description
The Debt Crisis of the 1980s
Author: Jérôme Sgard
Publisher: Edward Elgar Publishing
ISBN: 1839103639
Category : Business & Economics
Languages : en
Pages : 355
Book Description
This book offers a novel account of the debt crisis which hit many developing countries, between 1982 and 1989. Its strong interdisciplinary approach brings together the financial, political and legal dimensions. It will be of major interest for those interested in the economic history of post-WWII decades, sovereign debt in general and financial multilateralism.
Publisher: Edward Elgar Publishing
ISBN: 1839103639
Category : Business & Economics
Languages : en
Pages : 355
Book Description
This book offers a novel account of the debt crisis which hit many developing countries, between 1982 and 1989. Its strong interdisciplinary approach brings together the financial, political and legal dimensions. It will be of major interest for those interested in the economic history of post-WWII decades, sovereign debt in general and financial multilateralism.
Capital Claims: Power and Global Finance
Author: Benjamin Braun
Publisher: Taylor & Francis
ISBN: 1000801993
Category : Political Science
Languages : en
Pages : 265
Book Description
Capital Claims: Power and Global Finance analyses how global financialized capitalism operates and reproduces itself, exploring the remarkable ability of the financial sector to maintain its dominance through even the most severe economic crises. The book defines international financialization as a process by which the number and value, the tradability, and the enforceability of cross-border financial claims increase and are successfully defended against competing social or political agendas. By focusing on financial claims, the volume develops a conceptual toolkit for the study of the political economy of global finance and the inequalities it sustains. The book brings together leading researchers whose work is geared towards opening the black box of cross-border finance. The authors suggest shifting the analytical focus from capital flows to capital claims – credit–debt relations between identifiable actors, embedded in social and political institutions, and infused with power and hierarchy. They show how financial actors wield leverage power, infrastructural power, and enforcement power, both vis-à-vis other private actors and vis-à-vis the state. This book will be of great interest to students, teachers, and researchers of international political economy, critical political economy, and international relations, as well as those in the fields of finance, capitalism studies, activism, policymaking, and advocacy. An Online Appendix for Chapter 11 is available at: www.routledge.com/9781032111193
Publisher: Taylor & Francis
ISBN: 1000801993
Category : Political Science
Languages : en
Pages : 265
Book Description
Capital Claims: Power and Global Finance analyses how global financialized capitalism operates and reproduces itself, exploring the remarkable ability of the financial sector to maintain its dominance through even the most severe economic crises. The book defines international financialization as a process by which the number and value, the tradability, and the enforceability of cross-border financial claims increase and are successfully defended against competing social or political agendas. By focusing on financial claims, the volume develops a conceptual toolkit for the study of the political economy of global finance and the inequalities it sustains. The book brings together leading researchers whose work is geared towards opening the black box of cross-border finance. The authors suggest shifting the analytical focus from capital flows to capital claims – credit–debt relations between identifiable actors, embedded in social and political institutions, and infused with power and hierarchy. They show how financial actors wield leverage power, infrastructural power, and enforcement power, both vis-à-vis other private actors and vis-à-vis the state. This book will be of great interest to students, teachers, and researchers of international political economy, critical political economy, and international relations, as well as those in the fields of finance, capitalism studies, activism, policymaking, and advocacy. An Online Appendix for Chapter 11 is available at: www.routledge.com/9781032111193