Too Little, Too Late
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Edited by:
Martin Guzman
About this book
Author / Editor information
Martin Guzman is a Research Associate at the Department of Finance & Economics of Columbia University Graduate School of Business, and an Associate Professor at the Department of Economics of University of Buenos Aires. He is the co-editor, with Joe Stiglitz and Jose Antonio Ocampo, of Too Little, Too Late: The Quest to Resolve Sovereign Debt Crises (CUP, 2016).Martin Guzman is a postdoctoral research fellow at Columbia University and an associate professor at the University of Buenos Aires. He is a cochair of the Columbia IPD Taskforce on Debt Restructuring and Sovereign Bankruptcy and a senior fellow at the Centre for International Governance Innovation.
José Antonio Ocampo is a professor at Columbia University and chair of the United Nations Economic and Social Council's Committee for Development Policy. With Codrina Rada and Lance Taylor, he is the author of Growth and Policy in Developing Countries: A Structuralist Approach (Columbia, 2009), and with José Antonio Alonso, Development Cooperation in Times of Crisis (Columbia, 2012).
Joseph E. Stiglitz is University Professor at Columbia University. A recipient of the Nobel Memorial Prize in Economic Sciences (2001), he is also the Chief Economist of the Roosevelt Institute and the cochair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD. His books include Creating a Learning Society: A New Approach to Growth, Development, and Social Progress (2014) and Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity (2015).
Reviews
Jeremiah Pam, Columbia University:
Addressing the longstanding question of whether it is possible to improve the methods and legal/institutional framework for sovereign debt restructuring, this book answers in the affirmative and provides a number of concrete proposals for how this might be accomplished. With strong analytical chapters from preeminent scholars and practitioners, this book will appeal to academic and policy audiences alike.
Adair Turner, author of Between Debt and the Devil: Money, Credit, and Fixing Global Finance:
In a world awash with debt, effective procedures for restructuring excessive debt burdens are essential but sorely lacking when it comes to sovereign borrowers. Better arrangements which can benefit both debtors and creditors need to reflect economic, legal, and political considerations. Too Little, Too Late pulls together powerful insights from each of these disciplines, and makes a major contribution to a crucially important policy debate.
Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley:
The international debt regime desperately needs fixing. The debate over how to fix it, for its part, desperately needs systematic analysis, which is precisely what we get from this important volume. Critics of the current regime may not agree with everything proposed here, but they cannot afford to ignore it.
Topics
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Part I. General Issues of Sovereign Debt Restructuring
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Martin Guzman and Joseph E. Stiglitz Requires Authentication Unlicensed Licensed Download PDF |
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Marilou Uy and Shichao Zhou Requires Authentication Unlicensed Licensed Download PDF |
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Skylar Brooks and Domenico Lombardi Requires Authentication Unlicensed Licensed Download PDF |
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Part II. Two Case Studies: Argentina and Greece
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Sergio Chodos Requires Authentication Unlicensed Licensed Download PDF |
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Yanis Varoufakis Requires Authentication Unlicensed Licensed Download PDF |
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Part III. Improvements to the Contractual Approach
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Anna Gelpern and Ben Heller Requires Authentication Unlicensed Licensed Download PDF |
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Richard Gitlin and Brett House Requires Authentication Unlicensed Licensed Download PDF |
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James A. Haley Requires Authentication Unlicensed Licensed Download PDF |
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Timothy B. DeSieno Requires Authentication Unlicensed Licensed Download PDF |
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Part IV. Proposals for a Multinational Framework for Sovereign Debt Restructuring: Principles, Elements, and Institutionalization
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José Antonio Ocampo Requires Authentication Unlicensed Licensed Download PDF |
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Barry Herman Requires Authentication Unlicensed Licensed Download PDF |
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Jürgen Kaiser Requires Authentication Unlicensed Licensed Download PDF |
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Richard A. Conn Requires Authentication Unlicensed Licensed Download PDF |
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Robert Howse Requires Authentication Unlicensed Licensed Download PDF |
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Kunibert Raffer Requires Authentication Unlicensed Licensed Download PDF |
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