Hostname: page-component-586b7cd67f-dlnhk Total loading time: 0 Render date: 2024-11-26T12:56:06.022Z Has data issue: false hasContentIssue false
  • English
  • Français

Resolving International Debt Crises Fairly

Published online by Cambridge University Press:  25 March 2011

Ann Pettifor
Get access Rights & Permissions [Opens in a new window]

Abstract

An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Part IV: International Policy Reforms
Information
Ethics & International Affairs , Volume 21 , Issue S1: Dealing Fairly with Developing Country Debt , November 2007 , pp. 321 - 329
Copyright
Copyright © Carnegie Council for Ethics in International Affairs 2007

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Notes

1 Kunibert Raffer, “Applying Chapter 9 Insolvency to International Debts: An Economically Efficient Solution with a Human Face, ” World Development 18, no. 2 (1990), pp. 301–13. See also Professor Raffer's Web site, mailbox.univie.ac.at/~rafferk5/art.html.

2 Erlassjahr, “A Fair and Transparent Arbitration Process for Indebted Southern Countries, ” available at http:\\www.erlassjahr.de/15_publikationen/15_dokumente/englisch/ftap_englisch_rz.pdf.

3 AFRODAD, “AFRODAD's Call for a Fair and Transparent Arbitration Court for Debt, ” available at http:\\www.afrodad.org/HTML/Examination%20of%20FTA.htm.

4 Bank for International Settlements, “71st Annual Report: 1 April 2000–31 March 2001, ” p. 123, available at http:\\www.bis.org/publ/ar2001e.pdf.

5 International Monetary Fund, “The Design of the Sovereign Debt Restructuring Mechanism—Further Considerations, ” November 2002, available at http:\\www.imf.org/external/np/pdr/sdrm/2002/112702.pdf.

6 Ibid., paras. 84, 85, p. 25.

7 Ibid., paras. 14, 273, and 291, pp. 6–8, 70, and 74.

8 Ibid., paras. 28, 230–63, pp. 11–12, 57–67.

9 For evidence of the impact of these policies on economic growth in emerging markets, see Ann Pettifor, ed., Real World Economic Outlook, vol. 1 (London: Palgrave, 2003).

10 See Mark Weisbrot, Robert Naiman, and Joyce Kim, “The Emperor Has No Growth: Declining Economic Growth Rates in the Era of Globalization” (Center for Economic and Policy Research Briefing Paper, May 2001), available at http:\\www.cepr.net/globalization/The_Emperor_Has_No_Growth.htm.

11 International Monetary Fund, “The Design of the Sovereign Debt Restructuring Mechanism, ” n. 17, pp. 35–36.

12 See Bruce H. Mann, Republic of Debtors: Bankruptcy in the Age of American Independence (Cambridge, MA: Harvard University Press, 2003).