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January 2007
7 x 9, 397 pp., 37 illus.
$47.00/£34.95 (CLOTH)
Short

ISBN-10:
0-262-19553-4
ISBN-13:
978-0-262-19553-9

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Debt Defaults and Lessons from a Decade of Crises
Federico Sturzenegger and Jeromin Zettelmeyer

Prefaceix
Acknowledgments and Disclaimerxi
IHistory, Economics, and Law1
1Sovereign Defaults and Debt Restructurings
Historical Overview
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3
2The Economics of Sovereign Debt and Debt Crises
A Primer
31
3Legal Issues in Sovereign Debt Restructuring55
IIThe New Debt Crises, 1998-200583
Introduction85
4Russia91
5Ukraine115
6Pakistan135
7Ecuador147
8Argentina165
9Moldova203
10Uruguay211
Afterword: The Dominican Republic227
IIIPolicy231
11Debt Crises from the Perspective of an Emerging Market Economy Policymaker233
12International Financial Architecture269
Appendix: Tools for the Analysis of Debt Problems297
Notes329
References345
Index
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365
 
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