scholarly journals The Long and the Short of It: Sovereign Debt Crises and Debt Maturity

2014 ◽  
Author(s):  
Raquel Fernández ◽  
Alberto Martin
2009 ◽  
Vol 99 (5) ◽  
pp. 2135-2148 ◽  
Author(s):  
Olivier Jeanne

This paper presents a theory of the maturity of international sovereign debt, and derives its implications for the reform of the international financial architecture. The analysis is based on a model in which the need to roll over external debt disciplines the policies of debtor countries, but makes them vulnerable to unwarranted debt crises due to bad shocks. The paper presents a welfare analysis of several measures that have been discussed in recent debates, such as international lending-in-last-resort or the establishment of a mechanism for suspending payments on the external debt of crisis countries. (JEL F34, O19)


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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