In this book Ann Pettifor examines the issues of debt affecting the first world or OECD countries. She traces the history and roots of where the current international debt crisis comes from--economic liberalization--and the restructuring of the international financial architecture in the early...

1. Brief history of debt management until 1989 -- 2. Brief history of debt management after 1989 -- 3. In quest of solutions : sovereign insolvency proposals, collective action clauses and recent country cases -- 4. Gleneagles, the Multilateral Debt Relief Initiative and the US crisis -- 5. The...

Excessive indebtedness as an ethical problem / The Editors -- The players and the game of sovereign debt / Barry Herman -- Fairness in sovereign debt / Christian Barry and Lydia Tomitova -- International debt : the constructive implications of some moral mathematics / Sanjay G. Reddy -- Should...