Alternative Solutions to the Odious Debt Problem

Mitu Gulati () and Ugo Panizza
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Mitu Gulati: Duke Law School

Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, 2020, vol. 54, issue 1, 153-168

Abstract: The doctrine of state succession requires that governments honor the international commitments of their predecessors. Even if a dictator borrows to oppress his own citizens, future generations are required to service the debts and commitments contracted by the dictator. This paper starts by briefly describing possible exceptions to this doctrine by focusing on war and hostile debts. Next, the paper reviews the literature on odious debt and discusses two proposals that could address this issue by using domestic legal principles.

Keywords: Odious Debt; Sovereign Default; Sovereign Debt. (search for similar items in EconPapers)
JEL-codes: G15 H63 K34 O54 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Alternative Solutions to the Odious Debt Problem (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:fle:journl:v:54:y:2020:i:1:p:153-168

DOI: 10.26331/1104

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