Restructuring Sovereign Debt: The Case for Ad Hoc Machinery

Valutazione media 4
( su 1 valutazioni fornite da Goodreads )
 
9780815774464: Restructuring Sovereign Debt: The Case for Ad Hoc Machinery


The 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 Côte d'Ivoire.


Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.

About the Author:

Lex Rieffel is a nonresident senior fellow in the Brookings Institution's Global Economy and Development Program.

Review:

"In this useful reference, Rieffel, for many years an official at the U.S. Treasury, provides a thorough account of the post-1950 evolution of procedures for dealing with sovereign debt owed to both official and private creditors. After critically examining proposals for major institutional overhauls, he vigorously defends the ad hoc, evolutionary approach, while offering his own recommendations for modest improvements on current practices." —Richard N. Cooper, Foreign Affairs, 1/1/2004



"... Rieffel writes with authority on the history of developing countries' debt crises. He describes this difficult and complex subject concisely and meticulously.... The first four chapters are an excellent primer on the subject, and could stand alone. The later chapters provide a wealth of detail.... getabstract.com recommends this book to bankers involved with making loans to foreign countries, to government policymakers in borrower countries and lender countries, and to anyone seeking a detailed exploration of how countries pay their debts." — getAbstract, 7/1/2004



"An impressive sum of work on sixty years of sovereign debt restructuring practices and heated debates over the role of the public and the private sector. While we may not agree on all views, Lex Rieffel's book gives a well-informed and challenging insider's view on the Paris Club and very useful historical background, which will help make our procedure more understandable to the public." —Jean-Pierre Jouyet, Paris Club Chairman



"A true masterpiece dealing with one of the most complex and topical issues of international finance. To my knowledge, this is the most comprehensive and well-documented book on the subject. Rieffel covers not only the detailed history of the different debt crises but also analyzes the evolution of the specific instruments and methods which have been used to resolve these problems. For students, researchers, practitioners, issuers, creditors, and international finance organizations, this book will provide an invaluable treasure of information and reflection." —Jacques de Larosiere, adviser to the chairman, BNP Paribas, and former managing director; International Monetary Fund



"Much of the current literature on sovereign debt is profoundly critical of the ways in which debt crises have been handled. Rieffel takes a different tack. He provides a compact, readable account of a complex story that is not readily available elsewhere. He then uses it to fashion a trenchant defense of the customized, case-by-case approach adopted initially in the 1980s. He argues forcefully for further adaptation rather than dramatic innovation." —Peter B. Kenen, Walker Professor of Economics and International Finance, Princeton University



"As one who has chaired numerous country negotiations over two decades, I appreciate Lex Rieffel's understanding of the political forces that vary from case to case. He successfully makes the argument that the case-by-case process is the only realistic approach to sovereign debt restructuring. His book explains the nuts and bolts of restructuring and he fully understands the London Club process. He reminds us that successful agreements depend on ever-closer cooperation among all parties, including borrower countries, creditor countries, mulitilateral agencies and private creditors." —William R. Rhodes, Citigroup senior vice chairman and Citibank chairman

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

I migliori risultati di ricerca su AbeBooks

1.

Alexis Rieffel
ISBN 10: 081577446X ISBN 13: 9780815774464
Nuovi Quantità: 2
Da
BWB
(Valley Stream, NY, U.S.A.)
Valutazione libreria
[?]

Descrizione libro Condizione libro: New. Depending on your location, this item may ship from the US or UK. Codice libro della libreria 97808157744640000000

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 33,89
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
In U.S.A.
Destinazione, tempi e costi

2.

Rieffel, Alexis
Editore: Brookings Institution Press
ISBN 10: 081577446X ISBN 13: 9780815774464
Nuovi Rilegato Quantità: 1
Da
Broad Street Books
(Branchville, NJ, U.S.A.)
Valutazione libreria
[?]

Descrizione libro Brookings Institution Press. Hardcover. Condizione libro: New. 081577446X Brand New Hardcover Book. Codice libro della libreria 16659

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 31,23
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 3,43
In U.S.A.
Destinazione, tempi e costi

3.

Alexis Rieffel
Editore: BROOKINGS INSTITUTION, United States (2003)
ISBN 10: 081577446X ISBN 13: 9780815774464
Nuovi Rilegato Quantità: 1
Da
The Book Depository
(London, Regno Unito)
Valutazione libreria
[?]

Descrizione libro BROOKINGS INSTITUTION, United States, 2003. Hardback. Condizione libro: New. Language: English . Brand New Book. The 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. Codice libro della libreria AAN9780815774464

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 36,42
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

4.

Alexis Rieffel
Editore: BROOKINGS INSTITUTION, United States (2003)
ISBN 10: 081577446X ISBN 13: 9780815774464
Nuovi Rilegato Quantità: 1
Da
The Book Depository US
(London, Regno Unito)
Valutazione libreria
[?]

Descrizione libro BROOKINGS INSTITUTION, United States, 2003. Hardback. Condizione libro: New. Language: English . Brand New Book. The 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. Codice libro della libreria AAN9780815774464

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 36,54
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

5.

Alexis Rieffel
Editore: Brookings Institution (2003)
ISBN 10: 081577446X ISBN 13: 9780815774464
Nuovi Quantità: 2
Da
Books2Anywhere
(Fairford, GLOS, Regno Unito)
Valutazione libreria
[?]

Descrizione libro Brookings Institution, 2003. HRD. Condizione libro: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Codice libro della libreria CE-9780815774464

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 27,82
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 10,18
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

6.

Alexis Rieffel
Editore: BROOKINGS INSTITUTION, United States (2003)
ISBN 10: 081577446X ISBN 13: 9780815774464
Nuovi Rilegato Quantità: 10
Da
Book Depository hard to find
(London, Regno Unito)
Valutazione libreria
[?]

Descrizione libro BROOKINGS INSTITUTION, United States, 2003. Hardback. Condizione libro: New. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. The 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. Codice libro della libreria BZE9780815774464

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 39,94
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

7.

Lex Rieffel
Editore: Brookings Inst Pr (2003)
ISBN 10: 081577446X ISBN 13: 9780815774464
Nuovi Rilegato Quantità: 1
Da
Ergodebooks
(RICHMOND, TX, U.S.A.)
Valutazione libreria
[?]

Descrizione libro Brookings Inst Pr, 2003. Hardcover. Condizione libro: New. Codice libro della libreria DADAX081577446X

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 38,70
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 3,46
In U.S.A.
Destinazione, tempi e costi

8.

Rieffel, Alexis
Editore: Brookings Institution Press (2003)
ISBN 10: 081577446X ISBN 13: 9780815774464
Nuovi Rilegato Quantità: 1
Da
Murray Media
(North Miami Beach, FL, U.S.A.)
Valutazione libreria
[?]

Descrizione libro Brookings Institution Press, 2003. Hardcover. Condizione libro: New. Codice libro della libreria 081577446X

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 45,03
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 2,59
In U.S.A.
Destinazione, tempi e costi

9.

Alexis Rieffel
Editore: Brookings Institution Press (2003)
ISBN 10: 081577446X ISBN 13: 9780815774464
Nuovi Rilegato Quantità: 1
Da
Irish Booksellers
(Rumford, ME, U.S.A.)
Valutazione libreria
[?]

Descrizione libro Brookings Institution Press, 2003. Hardcover. Condizione libro: New. book. Codice libro della libreria 081577446X

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 47,79
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
In U.S.A.
Destinazione, tempi e costi

10.

Lex Rieffel
Editore: Brookings Inst Pr (2003)
ISBN 10: 081577446X ISBN 13: 9780815774464
Nuovi Rilegato Quantità: 2
Da
Revaluation Books
(Exeter, Regno Unito)
Valutazione libreria
[?]

Descrizione libro Brookings Inst Pr, 2003. Hardcover. Condizione libro: Brand New. 368 pages. 9.00x6.00x1.00 inches. In Stock. Codice libro della libreria __081577446X

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra nuovo
EUR 43,52
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 6,78
Da: Regno Unito a: U.S.A.
Destinazione, tempi e costi

Vedi altre copie di questo libro

Vedi tutti i risultati per questo libro