scholarly journals Crisis Costs and Debtor Discipline: The Efficacy of Public Policy in Sovereign Debt Crises

Author(s):  
Prasanna Gai ◽  
Simon Hayes ◽  
Hyun Shin
2004 ◽  
Vol 62 (2) ◽  
pp. 245-262 ◽  
Author(s):  
Prasanna Gai ◽  
Simon Hayes ◽  
Hyun Song Shin

2007 ◽  
Vol 101 (4) ◽  
pp. 711-759 ◽  
Author(s):  
Michael Waibel

In recent years, sovereign debt crises have received much attention from the perspective of international public policy, but an effective legal solution to sovereign defaults has yet to coalesce within international law. Over the last two decades, private creditors have increasingly resorted to litigation in national courts, though without great success, in an effort to obtain payment on defaulted sovereign debt. Another, emerging option is arbitration —in particular, before the International Centre for Settlement of Investment Disputes (ICSID). Will ICSID be the new venue of choice for recovering on sovereign bonds? The conclusion reached here is that attempts to take defaulting countries to ICSID arbitration are unlikely to succeed.


2015 ◽  
Vol 51 (sup6) ◽  
pp. S80-S93
Author(s):  
Tjeerd M. Boonman ◽  
Jan P.A.M. Jacobs ◽  
Gerard H. Kuper

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Juan Pablo Bohoslavsky ◽  
Kunibert Raffer

AbstractThis piece tackles Barrio Arleo and Lienau’s comments on Sovereign Debt Crises: What Have We Learned? while tries to further develop some ideas and discussions proposed in the book. This piece deals with existing alternatives to overcome debt crises, the link between sovereign policy space and the principle of creditors’ equal treatment, who the target of the book is (and should be), whether “learning is enough”, and the potential policy and legal role of human rights law in debt restructurings.


2018 ◽  
Vol 71 (2) ◽  
pp. 421-444 ◽  
Author(s):  
Christoph Trebesch

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