Sovereign Finance and the Poverty of Nations

Odious Debt in International Law

Yvonne Wong (Autor)

Buch | Hardcover

192 Seiten

2012
Edward Elgar Publishing Ltd (Verlag)
978-0-85793-502-1 (ISBN)

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National debts incurred by illegitimate regimes against the best interests of the citizens is a serious problem of international economics and politics. These sovereign debts, often referred to as odious debts, deplete the public purse and create an ongoing financial liability that serves to constrain investment and economic growth, and conspires to keep millions in poverty. This important and timely book explains the legal principles and politics involved in the issue of odious debts, and sovereign debt arrangements more generally. The author goes beyond abstract arguments and proposes legal rules and international regulation that should be put in place to create the right incentives to stop the transmission of odious debts. Her proposal is for a registration scheme for sovereign debt, and the imposition of positive duties on financiers who provide loans to sovereign borrowers. Sovereign Finance and the Poverty of Nations will appeal to students, academics, debtactivists, policy makers, international finance practitioners and anyone with a general interest in sovereign finance affairs.

Yvonne Wong, University of New South Wales, Australia

Contents: Foreword by Robert Cooter Introduction 1. The Odious Debts Doctrine: An Overview 2. Sovereign Debt and its Legal Framework 3. History of Sovereign Debt 4. Sovereign Debt and the Poverty of Nations 5. A New Era for International Finance 6. Justifications for a Law Banning Odious Debts 7. Current Ideas for How the Odious Debts Doctrine Could Apply in Practice 8. The New Approach Odious Debts Doctrine (NAODD) 9. Concluding Remark Index

Erscheint lt. Verlag	31.5.2012
Verlagsort	Cheltenham
Sprache	englisch
Maße	156 x 234 mm
Themenwelt	Recht / Steuern ► EU / Internationales Recht
	Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	0-85793-502-X / 085793502X
ISBN-13	978-0-85793-502-1 / 9780857935021
Zustand	Neuware