Sovereign Debt: Origins, Crises, and Restructuring by Vinod K. Aggarwal (Editor), Brigitte Granville (Editor), Deepak Lal (Contribution by)

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Synopsis

This timely and innovative book examines the ongoing debate on resolving sovereign debt defaults and alleviating the debt burden of highly indebted poor countries (HIPC). Concentrating primarily on the past twenty years and focusing on money owed to both the public and the private sector, the volume examines the origins of debt crises, rescheduling tactics, and efforts to create a more enduring solution to the problem of coping with debt. Contributors address related aspects of the international financial system, and examine negotiations involved in rescheduling debt, as well as its efficacy. Policy recommendations are put forward for dealing with the onerous problem of debt default and rescheduling.

The authors provide historical and conceptual analyses and consider cutting-edge ideas on the emerging modes of governance of international debt issues. Their contributions are essential reading for scholars in the fields of international economics and political economy, practitioners, and other individuals interested in the evolving complexities of international debt governance.

Biography

Brigitte Granville is a professor of international economics and economic policy at the Centre for Business Management, Queen Mary, University of London and former head of the International Economics Programme at RIIA.

Vinod K. Aggarwal is director of the Berkeley APEC Study Center (BASC); a professor in the Department of Political Science and an affiliated professor of the Haas School of Business, University of California, Berkeley.