A SKEPTIC'S CASE FOR SOVEREIGN BANKRUPTCY
Gelpern lays out the dominant arguments for sovereign bankruptcy and why she thinks they miss the mark. She identifies the key problems with the prevailing regime for sovereign debt restructuring. These include the unenforceable-yet-nondischargeable character of sovereign debt, fragmentation of the...
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Published in | Houston law review Vol. 50; no. 4; p. 1095 |
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Main Author | |
Format | Journal Article |
Language | English |
Published |
Houston
Houston Law Review Incorporated
01.01.2013
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Subjects | |
Online Access | Get full text |
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Summary: | Gelpern lays out the dominant arguments for sovereign bankruptcy and why she thinks they miss the mark. She identifies the key problems with the prevailing regime for sovereign debt restructuring. These include the unenforceable-yet-nondischargeable character of sovereign debt, fragmentation of the debt stock and of the debt restructuring process, and the overall lack of transparency and legitimacy in debt restructuring. She concludes by adding a federalism overlay to her thought experiment. |
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ISSN: | 0018-6694 |