书目名称 | When Sovereigns Go Bankrupt |
副标题 | A Study on Sovereign |
编辑 | Norbert Gaillard |
视频video | |
概述 | Includes supplementary material: |
丛书名称 | SpringerBriefs in Economics |
图书封面 |  |
描述 | .The public debt crisis that Eurozone countries have experienced since 2010 has been accompanied by a resurgence of sovereign risk. Greece was obliged to restructure its debt in 2012. The credit position of even the wealthy countries is shakier than at any time since the Great Depression. Now more than ever it is essential to understand sovereign risk because the default of a country, or even its lack of credibility, is bound to jeopardize political stability and weaken the credit standing of all other economic actors. This book reviews and analyzes the different means used to forestall and protect against sovereign defaults. In light of the Eurozone’s 2010-2012 sovereign debt crisis, this book also emphasizes the roots of sovereign creditworthiness. Chapter 1 establishes a typology of sovereign defaults. A sovereign “bankruptcy” may take many forms (debt repudiation, moratorium, restructuring, etc.). Chapter 2 presents the different contractual and legal tools used to protect against sovereign defaults. Chapter 3 investigates how some investors have been able to interfere with the debtor’s economic policy by insisting that measures be taken to reduce the risk of default in the sho |
出版日期 | Book 2014 |
关键词 | Debt; Europe; Eurozone; Greece; Sovereign Default; Sovereign Risk |
版次 | 1 |
doi | https://doi.org/10.1007/978-3-319-08988-1 |
isbn_softcover | 978-3-319-08987-4 |
isbn_ebook | 978-3-319-08988-1Series ISSN 2191-5504 Series E-ISSN 2191-5512 |
issn_series | 2191-5504 |
copyright | The Author 2014 |