Download Sovereign Lending full books in PDF, epub, and Kindle. Read online Sovereign Lending ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author : Michael Gruson
Publisher :
ISBN 13 :
Total Pages : 276 pages
Book Rating : 4.76/5 ( download)
Download or read book Sovereign Lending written by Michael Gruson and published by . This book was released on 1984 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael Tomz
Publisher : Princeton University Press
ISBN 13 : 1400842921
Total Pages : 328 pages
Book Rating : 4.26/5 ( download)
Download or read book Reputation and International Cooperation written by Michael Tomz and published by Princeton University Press. This book was released on 2012-01-09 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does cooperation emerge in a condition of international anarchy? Michael Tomz sheds new light on this fundamental question through a study of international debt across three centuries. Tomz develops a reputational theory of cooperation between sovereign governments and foreign investors. He explains how governments acquire reputations in the eyes of investors, and argues that concerns about reputation sustain international lending and repayment. Tomz's theory generates novel predictions about the dynamics of cooperation: how investors treat first-time borrowers, how access to credit evolves as debtors become more seasoned, and how countries ascend and descend the reputational ladder by acting contrary to investors' expectations. Tomz systematically tests his theory and the leading alternatives across three centuries of financial history. His remarkable data, gathered from archives in nine countries, cover all sovereign borrowers. He deftly combines statistical methods, case studies, and content analysis to scrutinize theories from as many angles as possible. Tomz finds strong support for his reputational theory while challenging prevailing views about sovereign debt. His pathbreaking study shows that, across the centuries, reputations have guided lending and repayment in consistent ways. Moreover, Tomz uncovers surprisingly little evidence of punitive enforcement strategies. Creditors have not compelled borrowers to repay by threatening military retaliation, imposing trade sanctions, or colluding to deprive defaulters of future loans. He concludes by highlighting the implications of his reputational logic for areas beyond sovereign debt, further advancing our understanding of the puzzle of cooperation under anarchy.
Author : Daniel Cohen
Publisher : MIT Press
ISBN 13 : 9780262031721
Total Pages : 212 pages
Book Rating : 4.28/5 ( download)
Download or read book Private Lending to Sovereign States written by Daniel Cohen and published by MIT Press. This book was released on 1991 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this illuminating work on external debt, Daniel Cohen explodes many myths currently popular among economists, bankers, and journalists about the nature of the debt problem, its origins, and its cure.
Author : Carlos Espósito
Publisher : Oxford University Press
ISBN 13 : 019967437X
Total Pages : 426 pages
Book Rating : 4.74/5 ( download)
Download or read book Sovereign Financing and International Law written by Carlos Espósito and published by Oxford University Press. This book was released on 2013-10 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to continuing global financial turmoil, the UN Conference for Trade and Development has produced a set of principles to govern future sovereign financing. This book expands on these principles from a legal and economic perspective to analyse how sovereign financing can be regulated to prevent similar debt crises from occurring again.
Author : Odette Lienau
Publisher : Harvard University Press
ISBN 13 : 0674726405
Total Pages : 342 pages
Book Rating : 4.06/5 ( download)
Download or read book Rethinking Sovereign Debt written by Odette Lienau and published by Harvard University Press. This book was released on 2014-02-18 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional wisdom holds that all nations must repay debt. Regardless of the legitimacy of the regime that signs the contract, a country that fails to honor its obligations damages its reputation. Yet should today's South Africa be responsible for apartheid-era debt? Is it reasonable to tether postwar Iraq with Saddam Hussein's excesses? Rethinking Sovereign Debt is a probing analysis of how sovereign debt continuity--the rule that nations should repay loans even after a major regime change, or else expect consequences--became dominant. Odette Lienau contends that the practice is not essential for functioning capital markets, and demonstrates its reliance on absolutist ideas that have come under fire over the last century. Lienau traces debt continuity from World War I to the present, emphasizing the role of government officials, the World Bank, and private markets in shaping our existing framework. Challenging previous accounts, she argues that Soviet Russia's repudiation of Tsarist debt and Great Britain's 1923 arbitration with Costa Rica hint at the feasibility of selective debt cancellation. Rethinking Sovereign Debt calls on scholars and policymakers to recognize political choice and historical precedent in sovereign debt and reputation, in order to move beyond an impasse when a government is overthrown.
Author : Shelagh Heffernan
Publisher : Routledge
ISBN 13 : 1136268650
Total Pages : 201 pages
Book Rating : 4.56/5 ( download)
Download or read book Sovereign Risk Analysis (RLE Banking & Finance) written by Shelagh Heffernan and published by Routledge. This book was released on 2012-10-12 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Directed both at students of international finance and practitioners in the field, the book stresses the importance of treating the analysis of sovereign risk in a more general framework than is typically the case, identifying the components of both the demand and supply of sovereign loans. The author also discusses the link between the unique aspects of sovereign lending, the interdependence of the international banking system and the potential instability in the world financial system.
Author : Mauricio Drelichman
Publisher : Princeton University Press
ISBN 13 : 069117377X
Total Pages : 329 pages
Book Rating : 4.71/5 ( download)
Download or read book Lending to the Borrower from Hell written by Mauricio Drelichman and published by Princeton University Press. This book was released on 2016-12-13 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: What the loans and defaults of a sixteenth-century Spanish king can tell us about sovereign debt today Why do lenders time and again loan money to sovereign borrowers who promptly go bankrupt? When can this type of lending work? As the United States and many European nations struggle with mountains of debt, historical precedents can offer valuable insights. Lending to the Borrower from Hell looks at one famous case—the debts and defaults of Philip II of Spain. Ruling over one of the largest and most powerful empires in history, King Philip defaulted four times. Yet he never lost access to capital markets and could borrow again within a year or two of each default. Exploring the shrewd reasoning of the lenders who continued to offer money, Mauricio Drelichman and Hans-Joachim Voth analyze the lessons from this important historical example. Using detailed new evidence collected from sixteenth-century archives, Drelichman and Voth examine the incentives and returns of lenders. They provide powerful evidence that in the right situations, lenders not only survive despite defaults—they thrive. Drelichman and Voth also demonstrate that debt markets cope well, despite massive fluctuations in expenditure and revenue, when lending functions like insurance. The authors unearth unique sixteenth-century loan contracts that offered highly effective risk sharing between the king and his lenders, with payment obligations reduced in bad times. A fascinating story of finance and empire, Lending to the Borrower from Hell offers an intelligent model for keeping economies safe in times of sovereign debt crises and defaults.
Author : Carlos Espósito
Publisher : OUP Oxford
ISBN 13 : 0191656100
Total Pages : 432 pages
Book Rating : 4.01/5 ( download)
Download or read book Sovereign Financing and International Law written by Carlos Espósito and published by OUP Oxford. This book was released on 2013-10-03 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: The regulation of sovereign financing is a highly topical and significant issue, in the light of continuing global financial turmoil. This book assesses the role of international law in sovereign financing, addressing this issue from both legal and economic standpoints. It takes as a starting point the recent report 'Principles on Responsible Sovereign Lending and Borrowing' by the United Nations Conference on Trade and Development (UNCTAD). This report was endorsed by the United Nations General Assembly in its December 2011 Resolution on Debt, which emphasized the need for creditors and debtors to share responsibility for preventing unsustainable debt situations and encouraged all stakeholders to pursue the ongoing discussions within the framework of the UNCTAD Initiative. Investigating the legal and economic basis for the principles which were articulated in the report, the book develops a detailed and nuanced analysis of the controversial and complex issues they raise, including those concerning finance and credit rating agencies, contingent liabilities, debt management, corruption, fiduciary relations and duties, Collective Action Clauses, and the role of the EU and UN. Ultimately, it argues that the principles elaborated in the report correspond with general principles of international law, which provide a strong, pre-existing foundation upon which to build responsible principles for sovereign financing.
Author : Juan Pablo Bohoslavsky
Publisher : Bloomsbury Publishing
ISBN 13 : 1782253947
Total Pages : 567 pages
Book Rating : 4.45/5 ( download)
Download or read book Making Sovereign Financing and Human Rights Work written by Juan Pablo Bohoslavsky and published by Bloomsbury Publishing. This book was released on 2014-12-01 with total page 567 pages. Available in PDF, EPUB and Kindle. Book excerpt: Poor public resource management and the global financial crisis curbing fundamental fiscal space, millions thrown into poverty, and authoritarian regimes running successful criminal campaigns with the help of financial assistance are all phenomena that raise fundamental questions around finance and human rights. They also highlight the urgent need for more systematic and robust legal and economic thinking about sovereign finance and human rights. This edited collection aims to contribute to filling this gap by introducing novel legal theories and analyses of the links between sovereign debt and human rights from a variety of perspectives. These chapters include studies of financial complicity, UN sanctions, ethics, transitional justice, criminal law, insolvency proceedings, millennium development goals, global financial architecture, corporations, extraterritoriality, state of necessity, sovereign wealth and hedge funds, project financing, state responsibility, international financial institutions, the right to development, UN initiatives, litigation, as well as case studies from Africa, Asia and Latin America. These chapters are then theorised by the editors in an introductory chapter. In July 2012 the UN Human Rights Council finally issued its own guidelines on foreign debt and human rights, yet much remains to be done to promote better understanding of the legal and economic implications of the interface between finance and human rights. This book will contribute to that understanding as well as help practitioners in their everyday work. The authors include world-renowned lawyers and economists, experienced practitioners and officials from international organisations.
Author : Shelagh Heffernan
Publisher : Routledge
ISBN 13 : 0415538556
Total Pages : 202 pages
Book Rating : 4.58/5 ( download)
Download or read book Sovereign Risk Analysis written by Shelagh Heffernan and published by Routledge. This book was released on 2012 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Directed both at students of international finance and practitioners in the field, the book stresses the importance of treating the analysis of sovereign risk in a more general framework than is typically the case, identifying the components of both the demand and supply of sovereign loans. The author also discusses the link between the unique aspects of sovereign lending, the interdependence of the international banking system and the potential instability in the world financial system.
