Bankruptcy Proceedings for Sovereign State Insolvency and their Effect on Capital Flows

Jonathan Thomas

No DP2003-75, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The paper examines the main issues involved in translating domestic bankruptcy procedures to the sovereign context. It considers some of the principles by which domestic bankruptcy procedures operate, and the extent to which they apply to international lending. Two recent proposals are considered in more detail, that of Krueger ('A New Approach to Sovereign Debt Restructuring') and that of Pettifor ('Resolving International Debt Crises - The Jubilee Framework for International Insolvency').

Keywords: Bankruptcy; Public debt; Foreign loans (search for similar items in EconPapers)
Date: 2003
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https://www.wider.unu.edu/sites/default/files/dp2003-075.pdf (application/pdf)

Related works:
Journal Article: Bankruptcy proceedings for sovereign state insolvency and their effect on capital flows (2004)
Working Paper: Bankruptcy Proceedings for Sovereign State Insolvency and their Effect on Capital Flows (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:dp2003-75

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