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Author: Daniel D. Bradlow
Publisher: Pretoria University Law Press
ISBN:
Category : Law
Languages : en
Pages : 383
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Book Description
This multi-disciplinary publication focuses on the issue of African sovereign debt management and renegotiation/ restructuring, with a particular concentration on the countries that are members of the Southern Africa Development Community (SADC). It contains a series of essays that were initially presented in several workshops held at the height of the pandemic, in 2020. These essays seek to both understand the debt challenges facing these countries and to offer some policy-oriented suggestions on how they can more effectively address these. They include contributions by global and regional scholars who are seasoned experts and newer researchers and discuss the complexities on debt management and restructuring within the context of the global COVID-19 pandemic. In particular, this presented an opportunity for junior researchers from the region to contribute to international discussions on a topic in which the views of young Africans are not heard as often or as clearly as they should be, especially given the importance of the topic to Africa and its future. Further, this book is expected to stimulate debate among academics, activists, policy makers and practitioners on how SADC should manage its debt.
Author: Daniel D. Bradlow
Publisher: Pretoria University Law Press
ISBN:
Category : Law
Languages : en
Pages : 383
Get Book Here
Book Description
This multi-disciplinary publication focuses on the issue of African sovereign debt management and renegotiation/ restructuring, with a particular concentration on the countries that are members of the Southern Africa Development Community (SADC). It contains a series of essays that were initially presented in several workshops held at the height of the pandemic, in 2020. These essays seek to both understand the debt challenges facing these countries and to offer some policy-oriented suggestions on how they can more effectively address these. They include contributions by global and regional scholars who are seasoned experts and newer researchers and discuss the complexities on debt management and restructuring within the context of the global COVID-19 pandemic. In particular, this presented an opportunity for junior researchers from the region to contribute to international discussions on a topic in which the views of young Africans are not heard as often or as clearly as they should be, especially given the importance of the topic to Africa and its future. Further, this book is expected to stimulate debate among academics, activists, policy makers and practitioners on how SADC should manage its debt.
Author: Daniel D. Bradlow
Publisher:
ISBN: 9781991213082
Category :
Languages : en
Pages : 371
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Book Description
This multi-disciplinary publication focuses on the issue of African sovereign debt management and renegotiation/ restructuring, with a particular concentration on the countries that are members of the Southern Africa Development Community (SADC). It contains a series of essays that were initially presented in several workshops held at the height of the pandemic, in 2020. These essays seek to both understand the debt challenges facing these countries and to offer some policy-oriented suggestions on how they can more effectively address these. They include contributions by global and regional scholars who are seasoned experts and newer researchers and discuss the complexities on debt management and restructuring within the context of the global COVID-19 pandemic. In particular, this presented an opportunity for junior researchers from the region to contribute to international discussions on a topic in which the views of young Africans are not heard as often or as clearly as they should be, especially given the importance of the topic to Africa and its future. Further, this book is expected to stimulate debate among academics, activists, policy makers and practitioners on how SADC should manage its debt.
Author: Daniel Bradlow
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This chapter is the introductory chapter to a book, COVID-19 and Sovereign Debt: The Case of SADC (Daniel D. Bradlow and Magalie L. Masamba, eds, Pretoria University Law Press, 2022), It places the issue of sovereign debt management and restructuring in the SADC region in context and introduces the broad themes of the essays in this book. It begins by briefly providing some historical background to the current debt situation in the SADC region. Thereafter, it describes the current debt situation in the region. The third part raises some questions that the book is seeking to address. Finally, it will provide a brief overview of the chapters in the book.
Author: Daniel Bradlow
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This chapter is the final chapter in the book, COVID-19 and Sovereign Debt: The Case of SADC (Daniel D. Bradlow and Magalie L. Masamba, eds, Pretoria University Law Press, 2022). The contributions to the book address 4 themes. They are:• the impact of structural changes in the global economy on the SADC debt landscape;• the challenges of sovereign debt management and restructuring in the SADC region;• the implications of the lack of transparency on the accumulation and use of sovereign debt;• options for incorporating human rights and social considerations into sovereign debt renegotiations and restructuring.This final chapter draw lessons from the contributions to the book regarding these four themes. Its goal is to provide the basis for developing a new and more sustainable and resilient approach to sovereign debt in Africa, in general, and the SADC, in particular. The chapter has two goals. The first goal is to provide an overview of the lessons that can be drawn from their research. The second objective is to draw some policy- relevant conclusions about the debt situation in the SADC region and to offer some suggestions for future research on the topic.
Author: S. Ali Abbas
Publisher: Oxford University Press, USA
ISBN: 0198850824
Category : Business & Economics
Languages : en
Pages : 455
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Book Description
This book is an attempt to build some structure around the issues of sovereign debt to help guide economists, practitioners, and policymakers through this complicated, but not intractable, subject.
Author: Lorenzo Forni
Publisher: International Monetary Fund
ISBN: 1475526520
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
This paper studies the effect of sovereign debt restructurings with external private creditors on growth during the period 1970-2010. We find that there are bad and good (or not so bad) debt restructurings for growth. While growth generally declines in the aftermath of a sovereign debt restructuring, agreements that allow countries to exit a default spell (final restructurings) are associated with improving growth. The impact can be significant. In general, three years after restructuring, growth is about 5 percent lower compared to countries that did not face restructuring over the same period. The exception is for final restructurings, which result in positive growth in the years immediately after the restructuring. Final restructurings tend to be better for growth because they reduce countries’ debt, with the strongest effect for countries that exit restructurings with relatively low debt levels.
Author: Anne O. Krueger
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 54
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Book Description
In recent years there has been extensive discussion inside and outside the IMF on the need to develop a new approach to sovereign debt restructuring. Exploring ways to improve the sovereign debt restructuring process is a key part of the international community’s efforts to strengthen the architecture of the global financial system. This pamphlet by IMF First Deputy Managing Director Anne O.Krueger draws together the latest IMF thinking on the controversial issue in a single publication.
Author: Vinod K. Aggarwal
Publisher: Chatham House (Formerly Riia)
ISBN:
Category : Business & Economics
Languages : en
Pages : 312
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Book Description
This work examines the ongoing debate on resolving sovereign debt defaults and alleviating the debt burden of heavily indebted poor countries. Concentrating primarily on the period from the 1982 and focusing on money owed to both the public and the private sector, the volume examines the origins of debt crises, rescheduling tactics, and efforts to create a more enduring solution to the problem of coping with debt, as well as its efficacy. Policy recommendations are put forward for dealing with the onerous problem of debt default and rescheduling.
Author: Patrick S. Kenadjian
Publisher: Walter de Gruyter
ISBN: 3110314525
Category : Law
Languages : en
Pages : 280
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Book Description
The volume contains articles based on presentations given at a conference hosted by the Institute for Law and Finance of Goethe University on October 27, 2011. Collective action clauses are an example of the typical dichotomy of financial regulation: While the problems are economic in nature, the solutions need to be implemented by law. The Institute for Law and Finance strives to bring together law and finance in order to foster a better mutual understanding of both disciplines and to improve the regulation of financial markets. Thus, the organizers are particularly pleased that eminent experts from the fields of law and finance agreed to participate in the event and to share their views on and experiences with collective action clauses. The presentations given at the conference have been updated in 2012 to reflect recent developments.
Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781616358112
Category : Business & Economics
Languages : en
Pages : 100
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Book Description
As emerging and developing economies accumulate more domestic sovereign debt, it is likely to play a larger role in the resolution of future sovereign debt crises. This paper analyzes when and how to restructure sovereign domestic debt in unsustainable debt cases while minimizing economic and financial disruptions. Key to determining whether or not domestic debt should be part of a sovereign restructuring is weighing the benefits of the lower debt burden against the fiscal and broader economic costs of achieving that debt relief. The fiscal costs may have to be incurred in the context of restructuring because of the need to maintain financial stability, to ensure the functioning of the central bank, or to replenish pension savings. A sovereign domestic debt restructuring should be designed to anticipate, minimize, and manage its impact on the domestic economy and financial system. Casting the net wide across claims can help boost participation in the restructuring by lowering the relief sought from each creditor group. A strategy that engages creditors constructively, and as transparently as possible, that relies on market-based incentives, and that presents the exchange as part of a consistent macroeconomic plan typically works best.
