Private creditors and sovereign default: From Argentina to Greece
Abstract
Argentinas sovereign default in 2001 holds an important lesson for Europeans as they debate Greece’s de facto insolvency and the framework for restructuring government debt. This paper will first survey strategy options for private creditors between mandatory restructuring, litigation and renegotiation. It will then assess market- oriented approaches towards sovereign debt restructuring before the legal framework for crisis management by the IMF and the EU are introduced. A section on the future of private creditor renegotiation concludes.
Keywords:
sovereign debt / renegotiation / crisis management in the EU / collective action problemsSource:
Anali Pravnog fakulteta u Beogradu, 2012, 60, 3, 65-84Institution/Community
Pravni fakultet / Faculty of Law University of BelgradeTY - JOUR AU - Kulms, Rainer PY - 2012 UR - https://ralf.ius.bg.ac.rs/handle/123456789/1549 AB - Argentinas sovereign default in 2001 holds an important lesson for Europeans as they debate Greece’s de facto insolvency and the framework for restructuring government debt. This paper will first survey strategy options for private creditors between mandatory restructuring, litigation and renegotiation. It will then assess market- oriented approaches towards sovereign debt restructuring before the legal framework for crisis management by the IMF and the EU are introduced. A section on the future of private creditor renegotiation concludes. T2 - Anali Pravnog fakulteta u Beogradu T1 - Private creditors and sovereign default: From Argentina to Greece EP - 84 IS - 3 SP - 65 VL - 60 UR - conv_3128 ER -
@article{
author = "Kulms, Rainer",
year = "2012",
abstract = "Argentinas sovereign default in 2001 holds an important lesson for Europeans as they debate Greece’s de facto insolvency and the framework for restructuring government debt. This paper will first survey strategy options for private creditors between mandatory restructuring, litigation and renegotiation. It will then assess market- oriented approaches towards sovereign debt restructuring before the legal framework for crisis management by the IMF and the EU are introduced. A section on the future of private creditor renegotiation concludes.",
journal = "Anali Pravnog fakulteta u Beogradu",
title = "Private creditors and sovereign default: From Argentina to Greece",
pages = "84-65",
number = "3",
volume = "60",
url = "conv_3128"
}
Kulms, R.. (2012). Private creditors and sovereign default: From Argentina to Greece. in Anali Pravnog fakulteta u Beogradu, 60(3), 65-84. conv_3128
Kulms R. Private creditors and sovereign default: From Argentina to Greece. in Anali Pravnog fakulteta u Beogradu. 2012;60(3):65-84. conv_3128 .
Kulms, Rainer, "Private creditors and sovereign default: From Argentina to Greece" in Anali Pravnog fakulteta u Beogradu, 60, no. 3 (2012):65-84, conv_3128 .