Sovereign Debt: From Safety to Default

Sovereign Debt: From Safety to Default

Author(s): Robert W. Kolb

Published Online: 29 NOV 2011 10:39AM EST

Print ISBN: 9780470922392

Online ISBN: 9781118267073

DOI: 10.1002/9781118267073

About this Book

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An intelligent analysis of the dangers, opportunities, and consequences of global sovereign debt

Sovereign debt is growing internationally at a terrifying rate, as nations seek to prop up their collapsing economies. One only needs to look at the sovereign risk pressures faced by Greece, Spain, and Ireland to get an idea of how big this problem has become. Understanding this dilemma is now more important than ever, that's why Robert Kolb has compiled Sovereign Debt. With this book as your guide, you'll gain a better perspective on the essential issues surrounding sovereign debt and default through discussions of national defaults, systemic risk, associated costs, and much more. Historical studies are also included to provide a realistic framework of reference.

  • Contains up-to-date research and analysis on sovereign debt from today's leading practitioners and academics
  • Details the dangers of defaults and their associated systemic risks
  • Explores the past, present, and future of sovereign debt

The repercussions of a national default are all-encompassing as global markets are intricately interwoven in the modern world. Sovereign Debt examines what it will take to overcome the challenges of this market and how you can deal with the uncertainty surrounding it.

Table of contents

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  1. Part I: The Political Economy of Sovereign Debt

  2. Part II: Making Sovereign Debt Work

    1. Chapter 14

      Pension Reform and Sovereign Credit Standing (pages 127–133)

      Alfredo Cuevas, María González, Davide Lombardo and Arnoldo López-marmolejo

  3. Part III: Sovereign Defaults, Restructurings, and the Resumption of Borrowing

    1. Chapter 15

      Understanding Sovereign Default (pages 135–147)

      Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza

  4. Part IV: Legal and Contractual Dimensions of Restructurings and Defaults

  5. Part V: Historical Perspectives

  6. Part VI: Sovereign Debt in Emerging Markets

    1. Chapter 34

      Default Traps (pages 309–317)

      Luis A. V. Catão, Ana Fostel and Sandeep Kapur

  7. Part VII: Sovereign Debt and Financial Crises

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