Extent: | 1 Online-Ressource (XII, 164 Seiten) 2 Diagramme |
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Series: | |
Type of publication: | Book / Working Paper |
Language: | English |
Thesis: | Dissertation, Universität Hamburg, 2010 |
Notes: | Includes bibliographical references Foreword; Acknowledgements; Table of contents; 1 Introduction; 1.1 The traditional doctrine of odious debt; 1.1.1 War debts; 1.1.2 Subjugation debts; 1.1.3 Regime debts; 1.1.4 A note on the doctrine; 1.2 The literature; 1.2.1 Legal proposals; 1.2.2 Other proposals; 1.3 Approach and outline of this book; 2 Reputation and Odious Debt; 2.1 The Legal Approach; 2.1.1 Legal Rationales to Succession of Obligations; 2.1.2 Lack of Explanatory Power; 2.2 The Economic Approach; 2.2.1 Why Does Sovereign Debt Exist?; 2.3 The Comeback of Reputation; 2.3.1 Incomplete Information and Changing Preferences 2.3.2 Repayment Record and Diminishing Returns2.3.3 Context; 2.4 Implications for Odious Debt; 2.4.1 Repayment Record; 2.4.2 Context; 2.4.3 Default and odious debt; 2.4.4 Repayment and odious debt; 2.5 Insights from the Economic Analysis of International Law; 2.5.1 The Role of Law in the International Context; 2.5.2 How law Implicates Reputation; 2.5.3 Interpreting the Law: The Odious Debt Doctrine is Dead; 2.6 Conclusion; 3 A Focus on Creditors and Odious Debt; 3.1 Particularities of Sovereign Debt; 3.1.1 Principal-Agent Problem; 3.1.2 Succession of Obligations 3.1.3 Limited Scope of Judicial Remedies3.1.4 Lack of Bankruptcy Regime; 3.2 Different Creditors, Different Incentives; 3.2.1 Private Creditors - Bondholders; 3.2.2 Private Creditors Banks; 3.2.3 Official Creditors: States; 3.3 5 Factors Affecting the Dynamics of Sovereign Debt; 3.3.1 Outside Influences; 3.3.2 Number of Different Transactions with Debtor Country; 3.3.3 Form and Substance; 3.3.4 Information; 3.3.5 Sovereign Debt Restructuring; 3.4 Reputation and Odious Debt; 3.4.1 Private Creditors: Bonds; 3.4.2 Private Creditors: Banks; 3.4.3 Official Creditors; 3.5 Conclusion 4 An International Solution to Odious Debt: An Ex Ante Ex Post Analysis4.1 Applying Shavell's Analysis to the Odious Debt Context; 4.2 Examination of Shavell's 4 Determinants; 4.2.1 Difference in Knowledge about Risky Activities; 4.2.2 Incapability of paying for full magnitude of harm done; 4.2.3 Parties would not face the threat of suit for harm done; 4.2.4 Administrative costs; 4.3 General Advantages and Disadvantages of Ex Ante v Ex Post Approach toOdious Debt; 4.4 Loan sanctions from an ex ante v. ex post perspective; 4.4.1 Trade off between Information and Deterrence 4.4.2 Definitional Issues4.4.3 Ex Ante Certainty; 4.4.4 Expectations from Ex Post Designation; 4.4.5 Risk of Bias; 4.4.6 Action while Despot is Still in Power; 4.4.7 Failure to Deal with Odious Debt already Created; 4.4.8 Costs associated with the UNSC; 4.4.9 Risk of Collision by "Rogue" States and Globalisation; 4.5 Summary of trade offs and conclusion; 5 Odious Debt: Driving Change in Sovereign Debt Governance; 5.1 International Economic Governance: Odious Debt; 5.1.1 The Official Sector; 5.1.2 NGOs and Odious Debt; 5.1.3 The Epistemic/academic community 5.2 A Comment on the Triple Helix and Odious Debt |
ISBN: | 978-3-8349-6763-3 ; 978-3-8349-2993-8 |
Other identifiers: | 10.1007/978-3-8349-6763-3 [DOI] |
Classification: | Geld, Inflation, Kapitalmarkt |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013522919