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The ‘Who’ and ‘How’ in Learning From Sovereign Debt Crises

The ‘Who’ and ‘How’ in Learning From Sovereign Debt Crises 1IntroductionJuan Pablo Bohoslavsky and Kunibert Raffer’s edited volume offers an invaluable country-based overview of modern sovereign debt crises, how governments have addressed them, and what lessons can be gleaned from these experiences. It is hard to think of a more timely and relevant contribution, in light of both recent problems and the crises we will deal with in the future – and, indeed, already face today. Sovereign Debt Crises: What Have We Learned? is especially unique among sovereign debt literature in the range of country cases that it considers. A number of books focus heavily on sub-issues or policy approaches, but without the case study breadth.One example is the book Too Little, Too Late: The Quest to Resolve Sovereign Debt Crises, published in early 2016 by Columbia University Press (eds. Martin Guzman, José Antonio Ocampo, & Joseph Stiglitz). This excellent volume focuses more on general issues, improvements to the current contractual approach, and multilateral proposals. It includes only two case studies, Argentina and Greece, which are very useful but are highly unique and may not necessarily translate to sovereign debt crises more generally. Rosa Lastra & Lee Buchheit, eds., Sovereign Debt Management (Oxford University Press, 2014) and Robert Kolb, http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Accounting, Economics and Law de Gruyter

The ‘Who’ and ‘How’ in Learning From Sovereign Debt Crises

Lienau, Odette
Accounting, Economics and Law , Volume 13 (1): 8 – Feb 1, 2023
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Publisher
de Gruyter
Copyright
© 2020 Walter de Gruyter GmbH, Berlin/Boston
ISSN
2151-2820
eISSN
2152-2820
DOI
10.1515/ael-2019-0044
Publisher site
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Abstract

1IntroductionJuan Pablo Bohoslavsky and Kunibert Raffer’s edited volume offers an invaluable country-based overview of modern sovereign debt crises, how governments have addressed them, and what lessons can be gleaned from these experiences. It is hard to think of a more timely and relevant contribution, in light of both recent problems and the crises we will deal with in the future – and, indeed, already face today. Sovereign Debt Crises: What Have We Learned? is especially unique among sovereign debt literature in the range of country cases that it considers. A number of books focus heavily on sub-issues or policy approaches, but without the case study breadth.One example is the book Too Little, Too Late: The Quest to Resolve Sovereign Debt Crises, published in early 2016 by Columbia University Press (eds. Martin Guzman, José Antonio Ocampo, & Joseph Stiglitz). This excellent volume focuses more on general issues, improvements to the current contractual approach, and multilateral proposals. It includes only two case studies, Argentina and Greece, which are very useful but are highly unique and may not necessarily translate to sovereign debt crises more generally. Rosa Lastra & Lee Buchheit, eds., Sovereign Debt Management (Oxford University Press, 2014) and Robert Kolb,

Journal

Accounting, Economics and Law – de Gruyter

Published: Feb 1, 2023

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