EconPapers    
Economics at your fingertips  
 

Debt Defaults and Lessons from a Decade of Crises, vol 1

Federico Sturzenegger () and Jeromin Zettelmeyer ()
Additional contact information
Federico Sturzenegger: Kennedy School of Government, Harvard University

in MIT Press Books from The MIT Press

Abstract: The debt crises in emerging market countries over the past decade have given rise to renewed debate about crisis prevention and resolution. In Debt Defaults and Lessons from a Decade of Crises, Federico Sturzenegger and Jeromin Zettelmeyer examine the facts, the economic theory, and the policy implications of sovereign debt crises. They present detailed case histories of the default and debt crises in seven emerging market countries between 1998 and 2005: Russia, Ukraine, Pakistan, Ecuador, Argentina, Moldova, and Uruguay. These accounts are framed with a comprehensive overview of the history, economics, and legal issues involved and a discussion from both domestic and international perspectives of the policy lessons that can be derived from these experiences. Sturzenegger and Zettelmeyer examine how each crisis developed, what the subsequent restructuring encompassed, and how investors and the defaulting country fared. They discuss the new theoretical thinking on sovereign debt and the ultimate costs entailed, for both debtor countries and private creditors. The policy debate is considered first from the perspective of policymakers in emerging market countries and then in terms of international financial architecture. The authors' surveys of legal and economic issues associated with debt crises, and of the crises themselves, are the most comprehensive to be found in the literature on sovereign debt and default, and their theoretical analysis is detailed and nuanced. The book will be a valuable resource for investors as well as for scholars and policymakers.

JEL-codes: G01 H63 (search for similar items in EconPapers)
Date: 2007
Edition: 1
ISBN: 0-262-19553-4
References: Add references at CitEc
Citations: View citations in EconPapers (113)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mtp:titles:0262195534

Access Statistics for this book

More books in MIT Press Books from The MIT Press
Bibliographic data for series maintained by The MIT Press ().

 
Page updated 2025-03-24
Handle: RePEc:mtp:titles:0262195534