Too Little, Too Late

Released on by Martin Guzman
preview-18

  • Too Little, Too Late Book Detail

  • Author : Martin Guzman
  • Release Date : 2016-05-10
  • Publisher : Columbia University Press
  • Genre : Business & Economics
  • Pages : 307
  • ISBN 13 : 023154202X
  • File Size : 60,60 MB
DOWNLOAD BOOK

Too Little, Too Late by Martin Guzman PDF Summary

Book Description: The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and address too little. Though unresolved debt crises impose enormous costs on societies, many recent restructurings have not been deep enough to provide the conditions for economic recovery (as illustrated by the Greek debt restructuring of 2012). And if the debtor decides not to accept the terms demanded by the creditors, finalizing a restructuring can be slowed by legal challenges (as illustrated by the recent case of Argentina, deemed as "the trial of the century"). A fresh start for distressed debtors is a basic principle of a well-functioning market economy, yet there is no international bankruptcy framework for sovereign debts. While this problem is not new, the United Nations and the global community are now willing to do something about it. Providing guidance for those who intend to take up reform, this book assesses the relative merits of various debt-restructuring proposals, especially in relation to the main deficiencies of the current nonsystem. With contributions by leading academics and practitioners, Too Little, Too Late reflects the overwhelming consensus among specialists on the need to find workable solutions.

Disclaimer: www.yourbookbest.com does not own Too Little, Too Late books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Too Little, Too Late

Too Little, Too Late

File Size : 48,48 MB
Total View : 9585 Views
DOWNLOAD

The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and address too little. Though unresolved deb

Sovereign Debt Crisis

Sovereign Debt Crisis

File Size : 57,57 MB
Total View : 1243 Views
DOWNLOAD

Restructuring the balance sheets of Western governments, banks and households is an important issue in the recovery after the recent crisis. Chorafas' latest bo

Bust

Bust

File Size : 56,56 MB
Total View : 9528 Views
DOWNLOAD

Athens, Greece—May Day 2010. The International Monetary Fund (IMF) and the European Union (EU) were putting together the final details of a $100 billion euro

Sovereign Debt Crises

Sovereign Debt Crises

File Size : 98,98 MB
Total View : 8429 Views
DOWNLOAD

There is an obvious need to learn more about why some countries succeed and others fail when dealing with debt crises. Why do some sovereign debtors overcome ec