Object

Title: Rola sektora oficjalnego w restrukturyzacji długu państwowego

Creator:

Mesjasz, Lidia

Description:

Prace Naukowe Akademii Ekonomicznej we Wrocławiu; 2008; nr 1191, s. 304-315

Abstrakt:

The history of sovereign debt restructuring shows that for nearly last two centuries official sector has tried to distance itself from direct responsibility for the recovery of private loans to sovereign debtors, by pushing it onto the judiciary or the multilateral financial institutions, especially the IMF. The latest effort came in 2002 when the management of the IMF proposed a formal Sovereign Debt Restructuring Mechanism that would have established an independent framework for handling future sovereign debt problems along the lines of a transnational bankruptcy code. The SDRM was intended to accomplish what the diplomats, gunboat captains, administrators, and judges of the last two hundred years failed to achieve: an effective method by which the official sector could encourage orderly workouts of private sector claims against distressed sovereigns without shouldering the full moral, political, and financial responsibility for these workouts. For many reasons the SDRM proposal did not prosper. Thus, unable to let go, unwilling to take charge, and historically incapable of striking a happy compromise between the two, the official sector's role in future debt restructurings will remain ad hoc and unpredictable. (original abstract)

Publisher:

Wydawnictwo Akademii Ekonomicznej im. Oskara Langego we Wrocławiu

Place of publication:

Wrocław

Date:

2008

Resource Type:

artykuł

Resource Identifier:

oai:dbc.wroc.pl:137223

Language:

pol

Relation:

Prace Naukowe Akademii Ekonomicznej im. Oskara Langego we Wrocławiu; 2008; nr 1191

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Coverage:

Projekt dofinansowany ze środków budżetu państwa, przyznanych przez Ministra Nauki w ramach Programu Społeczna odpowiedzialność nauki II. Tytuł projektu: Nauka dla Społeczeństwa: Prace Naukowe AEW w otwartym dostępie (2005-2008)

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