341. Sovereign Debtors in Distress: Are Our Institutions Up to the Challenge?
- Author:
- Susan Schadler
- Publication Date:
- 08-2012
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- Global economic developments over the past two years have dashed hopes that the risks of sovereign debt crises have been tamed. The turmoil in Europe has, of course, been the most acute of these developments, but growing national fiscal imbalances, anemic prospects for growth and the expanding reach of private financial markets to newly emerging economies are potent, if less immediately threatening, signs of the risks ahead. After lying dormant for almost a decade, pressing questions about whether global institutions are capable of containing the costs of debt crises are again being raised.
- Topic:
- Debt, Economics, Globalization, Political Economy, Financial Crisis, and Governance
- Political Geography:
- Europe