{"product_id":"sovereign-debt-9780470922392","title":"Sovereign Debt","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eAn intelligent analysis of the dangers, opportunities, and consequences of global sovereign debt  \u003cp\u003eSovereign debt is growing internationally at a terrifying rate, as nations seek to prop up their collapsing economies. One only needs to look at the sovereign risk pressures faced by Greece, Spain, and Ireland to get an idea of how big this problem has become. Understanding this dilemma is now more important than ever, that''s why Robert Kolb has compiled \u003ci\u003eSovereign Debt\u003c\/i\u003e. With this book as your guide, you''ll gain a better perspective on the essential issues surrounding sovereign debt and default through discussions of national defaults, systemic risk, associated costs, and much more. Historical studies are also included to provide a realistic framework of reference.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eContains up-to-date research and analysis on sovereign debt from today''s leading practitioners and academics\u003c\/li\u003e \u003cli\u003eDetails the dangers of defaults and their associated systemic risks\u003c\/li\u003e \u003cli\u003eExplores\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eIntroduction.  \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I: The Political Economy of Sovereign Debt.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Sovereign Debt: Theory, Defaults, and Sanctions (\u003ci\u003eRobert W. Kolb).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e2 The Institutional Determinants of Debt Intolerance (\u003ci\u003eRaffaela Giordano and Pietro Tommasino).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e3 Output Costs of Sovereign Default (Bianca De Paoli, Glenn Hoggarth, and Victoria Saporta).\u003c\/p\u003e \u003cp\u003e4 Spillovers of Sovereign Default Risk: How Much is the Private Sector Affected (\u003ci\u003eUdaibir S. Das, Michael G. Papaioannou, and Christoph Trebesch).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e5 Sovereign Debt Problems and Policy Gambles (\u003ci\u003eSamuel W. Malone).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e6 Sovereign Debt and the Resource Curse (Mare Sarr, Erwin Bulte, Chris Meissner, and Tim Swanson).\u003c\/p\u003e \u003cp\u003e7 Sovereign Debt and Military Conflict (\u003ci\u003eZane M. Kelly).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: Making Sovereign Debt Work.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8 Fiscal Policy, Government Institutions, and Sovereign reditworthiness (\u003ci\u003eBernardin Akitoby and Thomas Stratmann).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e9 Corruption and Creditworthiness: Evidence from Sovereign Credit Ratings (\u003ci\u003eCraig A. Depken, II, Courtney L. LaFountain, and Roger B. Butters).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e10 Institutions, Financial Integration, and Complementarity (\u003ci\u003eNicola Gennaioli, Alberto Martin, and Stefano Rossi).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e11 Loans versus Bonds: The Importance of Potential Liquidity Problems for Sovereign Borrowers (\u003ci\u003eIssam Hallak and Paul Schure).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e12 First-Time Sovereign Bond Issuers: Considerations in Accessing International Capital Markets (\u003ci\u003eUdaibir S. Das, Michael G. Papaioannou, and Magdalena Polan).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e13 A Note on Sovereign Debt Auctions: Uniform or Discriminatory (\u003ci\u003eMenachem Brenner,\u003c\/i\u003e \u003ci\u003eDan Galai, and Orly Sade)?\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e14 Pension Reform and Sovereign Credit Standing (Alfredo Cuevas, María González, Davide Lombardo, and Arnoldo López-Marmolejo).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: Sovereign Defaults, Restructurings, and the Resumption of Borrowing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15 Understanding Sovereign Default (Juan Carlos Hatchondo, Leonardo Martinez, and Horacio Sapriza).\u003c\/p\u003e \u003cp\u003e16 Are Sovereign Defaulters Punished?: Evidence from Foreign Direct Investment Flows (\u003ci\u003eMichael Fuentes and Diego Saravia).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e17 Supersanctions and Sovereign Debt Repayment (\u003ci\u003eKris James Mitchener and Marc D. Weidenmier).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e18 Debt Restructuring Delays: Measurement and Stylized Facts (\u003ci\u003eChristoph Trebesch).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e19 IMF Interventions in Sovereign Debt Restructurings (\u003ci\u003eJavier Díaz-Cassou and Aitor Erce).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e20 Resuming Lending to Countries following a Sovereign Debt Crisis (\u003ci\u003eLuisa Zanforlin).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV: Legal and Contractual Dimensions of Restructurings and Defaults.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e21 A Code of Conduct for Sovereign Debt Restructuring: An Important Component of the International Financial Architecture (\u003ci\u003eKathrin Berensmann)?\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e22 Governing Law of Sovereign Bonds and Legal Enforcement (\u003ci\u003eIssam Hallak).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e23 Sovereign Debt Restructuring: The Judge, the Vultures and Creditor Rights (\u003ci\u003eMarcus H. Miller and Dania Thomas).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e24 Sovereign Debt Documentation and the \u003ci\u003ePari Passu\u003c\/i\u003e Clause (\u003ci\u003eUmakanth Varottil).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e25 Collective Action Clauses in Sovereign Bonds (\u003ci\u003eSönke Häseler).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e26 Sovereignty, Legitimacy, and Creditworthiness (\u003ci\u003eOdette Lienau).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e27 Odious Debts or Odious Regimes? (Patrick Bolton and David A. Skeel, Jr.)\u003c\/p\u003e \u003cp\u003e28 Insolvency Principles: The Missing Link in the Odious Debt Debate (\u003ci\u003eMechele Dickerson).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V: Historical Perspectives.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e29 The Baring Crisis and the Great Latin American Meltdown of the 1890s (\u003ci\u003eKris James Mitchener and Marc D. Weidenmier).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e30 How Government Bond Yields Reflect Wartime Events: The Case of the Nordic Market (\u003ci\u003eDaniel Waldenström and Bruno S. Frey).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e31 How Important Are the Political Costs of Domestic Default?: Evidence from World War II Bond Markets (\u003ci\u003eDaniel Waldenström).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e32 Emerging Market Spreads at the Turn of the Twenty-First Century: A Roller Coaster (\u003ci\u003eSergio Godoy).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VI: Sovereign Debt in Emerging Markets.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e33 Sovereign Default Risk and Implications for Fiscal Policy (\u003ci\u003eGabriel Cuadra and Horacio Sapriza).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e34 Default Traps (Luis A.V. Catão, Ana Fostel, and Sandeep Kapur).\u003c\/p\u003e \u003cp\u003e35 Self-Fulfilling and Self-Enforcing Debt Crises (\u003ci\u003eDaniel Cohen and\u003c\/i\u003e \u003ci\u003eSebastien Villemot).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e36 The Impact of Economic and Political Factors on Sovereign Credit Ratings (\u003ci\u003eConstantin Mellios and Eric Paget-Blanc).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e37 Sovereign Bond Spreads in the New European Union Countries (\u003ci\u003eIoana Alexopoulou, Irina Bunda, and\u003c\/i\u003e \u003ci\u003eAnnalisa Ferrando).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e38 Can Sovereign Credit Ratings Promote Financial Sector Development and Capital Inflows to Emerging Markets (\u003ci\u003eSuk-Joong Kim and Eliza Wu)?\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e39 Country Debt Default Probabilities in Emerging Markets: Were Credit Rating Agencies Wrong (\u003ci\u003eAngelina Georgievska, Ljubica Georgievska, Dr Aleksandar Stojanovic, and Dr Natasa Todorovic)?\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e40 The International Stock Market Impact of Sovereign Debt Ratings News (\u003ci\u003eMiguel A. Ferreira and Paulo M. Gama).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VII: Sovereign Debt and Financial Crises.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e41 Equity Market Contagion and Co-movement: Industry Level Evidence (\u003ci\u003eK\u003c\/i\u003e\u003ci\u003eate Phylaktis and L\u003c\/i\u003e\u003ci\u003eichuan Xia).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e42 An Insolvency Procedure for Sovereign States: A Viable Instrument for Preventing and Resolving Debt Crises (\u003ci\u003eKathrin Berensmann and Angélique Herzberg)?\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e43 From Banking to Sovereign Debt Crisis in Europe (\u003ci\u003eBertrand Candelon and Franz C. Palm).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e44 From Financial Crisis to Sovereign Risk (Carlos Caceres, Vincenzo Guzzo, and Miguel Segoviano).\u003c\/p\u003e \u003cp\u003e45 Sovereign Spreads and Perceived Risk of Default Re-Visited (\u003ci\u003eAbolhassan Jalilvand and Jeannette Switzer).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e46 What Explains the Surge in Euro Area Sovereign Spreads During the Financial Crisis of 2007-09 (\u003ci\u003eMaria-Grazia Attinasi, Cristina Checherita, and Christiane Nickel)?\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e47 Euro Area Sovereign Risk During the Crisis (\u003ci\u003eSilvia Sgherri and Edda Zoli).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e48 Facing the Debt Challenge of Countries That Are “Too Big To Fail” (\u003ci\u003eSteven L. Schwarcz).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402459914583,"sku":"9780470922392","price":56.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470922392.jpg?v=1730480473","url":"https:\/\/bookcurl.com\/products\/sovereign-debt-9780470922392","provider":"Book Curl","version":"1.0","type":"link"}