000			03349cam a2200361Ii 4500
001			ocn871257658
003			OCoLC
005			20240726105436.0
008			140303s2014 mau ob 001 0 eng d
040			_aNT _beng _erda _epn _cNT _dZXC _dYDXCP _dOCLCF _dJSTOR _dOCLCQ _dEBLCP _dDEBSZ _dUIU _dGKJ _dAGLDB _dTVG
020			_a9780674726406 _q((electronic)l(electronic)ctronic)
050	0	4	_aHJ8015 _b.R484 2014
049			_aMAIN
100	1		_aLienau, Odette, _d1978- _e1
245	1	0	_aRethinking sovereign debt : _bpolitics, reputation, and legitimacy in modern finance / _cOdette Lienau.
260			_aCambridge, Massachusetts : _bHarvard University Press, _c(c)2014.
300			_a1 online resource (331 pages)
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
504			_a2
505	0	0	_aIntroduction -- _tOpen questions in sovereign debt -- _tCostly talk? reinterpreting the Soviet repudiation -- _tThe Costa Rican opening for rule of law and public benefit -- _tPublic and private capital in the strengthening of debt continuity -- _tContinuity and consolidation in the return of private finance -- _tLegitimacy and debt at the turn of the century -- _tConclusion.
520	0		_aMain Description:Conventional wisdom holds that all nations must repay debt. Regardless of the legitimacy of the regime that signs the contract, a country that fails to honor its loan obligations damages its reputation, inviting still greater problems down the road. Yet difficult dilemmas arise from this assumption. Should today's South Africa be responsible for apartheid-era debt? Is it reasonable to tether postwar Iraq with Saddam Hussein's excesses? Rethinking Sovereign Debt is a probing historical analysis of how sovereign debt continuity--the rule that nations should repay loans even after a major regime change, or expect reputational consequences--became the consensus approach. Odette Lienau contends that the practice is not essential for functioning international capital markets, and demonstrates how it relies on ideas of absolutist government that have come under fire over the last century. Challenging previous accounts, Lienau incorporates a wealth of original research to argue that Soviet Russia's repudiation of Tsarist debt and Great Britain's 1923 arbitration with Costa Rica hint at the feasibility of selective debt cancellation. She traces the notion of debt continuity from the post-World War I era to the present, emphasizing the role of government officials, the World Bank, and private-market actors in shaping our existing framework. Lienau calls on scholars and policymakers to recognize political choice and historical precedent in sovereign debt and reputation, in order to move beyond an impasse when a government is overthrown.
530			_a2 _ub
650		0	_aDebts, Public _vCase studies.
650		0	_aDebt cancellation _vCase studies.
655		1	_aElectronic Books.
856	4	0	_uhttps://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=660127&site=eds-live&custid=s3260518 _zClick to access digital title | log in using your CIU ID number and my.ciu.edu password
942			_cOB _D _eEB _hHJ _m2014 _QOL _R _x _8NFIC _2LOC
994			_a92 _bNT
999			_c100450 _d100450
902			_a1 _bCynthia Snell _c1 _dCynthia Snell