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Vol 21 No 9 Sept/Oct 2016

Book of the Month

Cover of Goode on Commercial Law

Goode on Commercial Law

Edited by: Ewan McKendrick
Price: £170.00

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Sovereign Finance And The Poverty Of Nations: Odious Debt in International Law

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Edited by: Yvonne Wong

ISBN13: 9780857935021
Published: May 2012
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback
Price: £70.00

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National debts incurred by illegitimate regimes against the best interests of the citizens is a serious problem of international economics and politics. These sovereign debts, often referred to as odious debts, deplete the public purse and create an ongoing financial liability that serves to constrain investment and economic growth, and conspires to keep millions in poverty. This important and timely book explains the legal principles and politics involved in the issue of odious debts, and sovereign debt arrangements more generally. The author goes beyond abstract arguments and proposes legal rules and international regulation that should be put in place to create the right incentives to stop the transmission of odious debts. Her proposal is for a registration scheme for sovereign debt, and the imposition of positive duties on financiers who provide loans to sovereign borrowers.

Sovereign Finance and the Poverty of Nations will appeal to students, academics, debt activists, policymakers, international finance practitioners and anyone with a general interest in sovereign finance affairs.

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Public International Law, Banking and Finance
Foreword by Robert Cooter
1. An Overview of Odious Debts
2. Sovereign Debt and its Legal Framework
3. History of Sovereign Debt
4. Sovereign Debt and the Poverty of Nations
5. A new Era for International Finance – The Game Changers
6. Justifications for a Law Banning Odious Debts
7. Current Ideas for How the Odious Debts Doctrine Could Apply in Practice
8. Introducing the New Approach Odious Debt Doctrine