Sovereign debt problem : defaults and restructuring

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Title: Sovereign debt problem : defaults and restructuring
Author: Afanasieva, Yana
Contributor organization: University of Helsinki, Faculty of Social Sciences, Department of Political Science
Helsingin yliopisto, Valtiotieteellinen tiedekunta, Yleisen valtio-opin laitos
Helsingfors universitet, Statsvetenskapliga fakulteten, Institutionen för allmän statslära
Date: 2004-09-01
Language: eng
Thesis level: Master’s thesis
Abstract: This thesis reviews the history and causes of sovereign defaults and analyses the problem of developing countries' debt. It will discuss why the unsustainable debt of developing countries was issued and consider the two most common solutions to debt-service difficulties, namely, debt restructuring and debt forgiveness. During different periods in history, the issue of sovereign debts has engendered military conflicts, induced serious domestic reforms and sometimes even changed political regimes. The thesis is based on the publications by the field leading economists, sucj as Rogoff. Sachs. Krugman. Cohen, Eichengreen and some others, and refers to the most recent statistical data provided by the IMF, the World Bank and the Paris Club of Creditors.
Description: Only abstract. Paper copies of master’s theses are listed in the Helka database ( Electronic copies of master’s theses are either available as open access or only on thesis terminals in the Helsinki University Library.Vain tiivistelmä. Sidottujen gradujen saatavuuden voit tarkistaa Helka-tietokannasta ( Digitaaliset gradut voivat olla luettavissa avoimesti verkossa tai rajoitetusti kirjaston opinnäytekioskeilla.Endast sammandrag. Inbundna avhandlingar kan sökas i Helka-databasen ( Elektroniska kopior av avhandlingar finns antingen öppet på nätet eller endast tillgängliga i bibliotekets avhandlingsterminaler.
Subject: Sovereignty

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