I’ve created a web page called the Sovereign Insolvency World Map, which visualizes the data in a spreadsheet of sovereign defaults. This idea came from similar maps published by Philip Wood Q.C..
The question of how currency unions break down has come to the forefront of the European debt crisis. The particular concern is Greece ceding from the Eurozone.
I have been following the Greek crisis and have posted a significant number of the news articles regarding Greece to my Twitter feed (which is linked on this page). Continue reading
Kunibert Raffer (homepage), at the Department of Economics in the University of Vienna, has generously provided copies of the following papers for posting to this blog.
- Internationalizing US Chapter 9 Insolvency: Economic Problems in Need of Legal Conceptualisation (1992) (PDF). This article appears in S.R. Chowdhury, E. Denters and P.J.I.M. de Waart (eds), The Right to Development in International Law, Kluwer Academic Press/ Martinus Nijhoff Publishers, Dordrecht, The Netherlands, 1992, pp.397-410
- The Bretton Woods Institutions and the Rule of Law: An Urgent Good Governance Issue (2008) (PDF). This article is published in Economic and Political Weekly XLIII(38), 20-26 September 2008, pp.49ff
- Considerations for Designing Sovereign Insolvency Procedures. Citation: Raffer, K, ‘Considerations for Designing Sovereign Insolvency Procedures’, 2005 (1) Law, Social Justice & Global Development Journal (LGD) (PDF). <http://www.go.warwick.ac.uk/elj/lgd/2005_1/raffer>
- Solving Sovereign Debt Overhang by Internationalising Chapter 9 Procedures (2001) (PDF). An earlier version of this article appears in Arbeitspapier 35, OeIIP (Oesterreichisches Institut fuer Internationale Politik/ Austrian Institute for International Affairs), Vienna as Arbeitspapier 35 in June 2001
The article The Roadblock to a Sovereign Bankruptcy Law by Jeffery Sachs was published in the Cato Journal, Vol. 23, No. 1 (Spring/Summer 2003).
The article Comity and Sovereign Debt Litigation: A Bankruptcy Analogy (2004) by Stephen M. Bainbridge appears in Maryland Journal of Int’l Law and Trade, Vol. 10, No. 1, 1986. It is also available on SSRN.