Herman, Barry
Overcoming Developing Country Debt Crises
- ISBN 13:
- 9780199578795
- author:
- Herman, Barry
- format:
- Paperback
- publisher:
- OUP Oxford
- language:
- English
- Publication Year:
- 2010
- Pages:
- 544
- Dimensions:
- 23.2 x 15.2 x 3 cm
- Genre:
- Development economics
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
Developing country debt crises have been a recurring phenomenon over the past two centuries. In recent times sovereign debt insolvency crises in developing and emerging economies peaked in the 1980s and again from the middle 1990s to the start of the new millennium. The reasons for these crises are complex, but economic fluctuations inherent in financial markets play a central role. The international economic and financial system is currently facing significant challenges, with policymakers considering how to restructure it and resolve sovereign debt crises more effectively. This book offers alternative reform ideas for consideration, drawing on both economic theory and real-world experiences. Country case studies highlight the need for improved approaches to sovereign debt workouts, and the authors argue that systemic reform efforts have been hindered by the politics of international treatment.