Restructuring Sovereign Debt
The Case for Ad Hoc Machinery
By (author) Alexis Rieffel
Normal Price: $85.00
Your Price: $76.50 AUD, inc. GST
Shipping: $7.95 per order
You Save: $8.50! (10% off normal price)
Plus...earn $3.82 in Boomerang Bucks
Availability: Available to Backorder, No Due Date for Supply
Restructuring Sovereign Debt by Alexis Rieffel
Book DescriptionThe Western powers established the International Monetary Fund (IMF) and the World Bank after World War II as "permanent machinery" to anchor the Bretton Woods system. When developing countries began experiencing debt problems in the late 1960s, the Paris Club took shape as "ad hoc machinery" to restructure debt from export credit agencies. A decade later the London Club process emerged to handle workouts of commercial bank debt. Restructuring debt in the form of bonds became an issue in the late 1990s in Argentina and several other nations, and the IMF recently proposed a permanent mechanism to deal with that challenge. Restructuring Sovereign Debt explains why ad hoc machinery would function more effectively in the Bretton Woods system. By describing in detail the origins and operations of the London Club and Paris Club, Lex Rieffel highlights the pragmatism and flexibility associated with ad hoc approaches. He also recalls earlier proposals for creating permanent debt restructuring machinery and the reasons why they were not adopted. Recognizing that the issue of sovereign debt workout is complex, Rieffel has provided a comprehensive and detailed exposition of this important policy issue. Rieffel's book is an important tool for policymakers and the public, particularly as the global community seeks to resolve the debt problems of countries as diverse as Argentina, Iraq, and Cote d'Ivoire.
Buy Restructuring Sovereign Debt book by Alexis Rieffel from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9780815774464
(229mm x 152mm x 25mm)
Imprint: Brookings Institution
Publisher: Brookings Institution
Publish Date: 1-Sep-2003
Country of Publication: United States
Books By Author Alexis Rieffel
Myanmar/Burma, Paperback (October 2010)
Burma had the brightest prospects of any Southeast Asian nation after World War II. In the years since, however, it has dropped to the bottom of the world's socioeconomic ladder.
Out of Business and on Budget, Paperback (July 2006)» View all books by Alexis Rieffel
Indonesia has the fourth largest total population and the largest Muslim population of any nation on earth. Indonesia's transition to democracy, thus, is critically important at a time when the West's relationship with much of the Muslim world is problematic and the push for greater democracy worldwide is a U.
» Have you read this book? We'd like to know what you think about it - write a review about Restructuring Sovereign Debt book by Alexis Rieffel and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Author Biography - Alexis Rieffel
Lex Rieffel is a nonresident senior fellow in the Brookings Institution's Global Economy and Development Program.
Phone: 1300 36 33 32 (9am-5pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
Address: Boomerang Books, 878 Military Road, Mosman Junction, NSW, 2088
© 2003-2017. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687