Titlebook: Life After Debt; The Origins and Reso Joseph E. Stiglitz (University Professor),Daniel H Book 2014 Palgrave Macmillan, a division of Macmil

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Comment on “From Austerity to Growth in Europe: Some Lessons from Latin America” by Stephany Griffitntribution, not only to the understanding of the current European crisis, but also by suggesting specific country-level and pan-European measures that can lead to growth recovery. This paper starts by studying the common features between the Latin American crisis during the 1980s and 1990s with the

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Strategic Behavior in Sovereign Debt Restructuring: Impact and Policy Responsesuring of that debt has averaged roughly seven years (Pitchford and Wright 2007). These delays show little sign of abating. Argentina’s default of 2000 remains unresolved at the time of writing, and US courts have recently affirmed the use of . clauses to prevent the servicing of new debts while prev

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Comment on “Strategic Behavior in Sovereign Debt Restructuring: Impact and Policy Responses” by Rohastrategic holdup appears when there is a potential gain in being the last creditor who negotiates, and how this gain exists as long as the way in which the game is developed makes the last creditor negotiate over a bigger pie. The authors apply this concept to sovereign debt restructuring. The model

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Sovereign Debt Restructuring: the Road Aheadutional gaps. Stakeholders in this process have repeatedly failed to reach an agreement that would set up a rules-based sovereign debt restructuring mechanism.. The IMF’s proposal for a statutory “Sovereign Debt Restructuring Mechanism” (SDRM) did not elicit sufficient support a decade ago but serve

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Commentary on “Sovereign Debt Restructuring: the Road Ahead” by Benu Schneiderg mechanisms. It starts by summarizing the evolution of institutions and instruments to restructure sovereign debt and the changing role and views of the IMF. She then goes on to provide a broad and balanced view of the challenges and policy options in a sufficiently wide agenda. Having read before

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Comments on “Saving the Euro: Self-fulfilling Crisis and the ‘Draghi Put’” by Marcus Miller and Lei al solution to the debt crisis that the European (EU) has been suffering since 2009. The first part of the paper analyzes the empirical evidence that points to the self-fulfilling character of the debt crisis in Europe. In the second part, the authors analyze a theoretical model (the Calvo model) to

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