IDEAS home Printed from https://ideas.repec.org/a/cai/reofsp/reof_086_0083.html

Crises de dette souveraine : vers une nouvelle résolution ?

Author

Listed:
  • Sandrine Levasseur
  • Christine Rifflart

Abstract

Default on the public debt in Argentina in December 2001 has speed up concerns on how to reform the way of resolving sovereign debt crises. The current process of debt restructuring is too long, uncertain, with adverse effects on both debtor and creditors. During the last meeting of the IMFC, two approaches to reform were examined : contractual and statutory approaches. The first conclusions of the IMFC favour a contractual reform. Nevertheless, the IMFC does not seem to give up to the more ambitious statutory reform, whose some points are unresolved for the moment. This article aims at presenting the issue at stake. After reviewing the way to treat debt restructuring since Mexican default in 1982, we present the limits of the current form to resolve crises. Then, the content of the two approaches is exposed. Finally, we discuss some key points of these propositions.

Suggested Citation

  • Sandrine Levasseur & Christine Rifflart, 2003. "Crises de dette souveraine : vers une nouvelle résolution ?," Revue de l'OFCE, Presses de Sciences-Po, vol. 86(3), pages 83-131.
    • Handle: RePEc:cai:reofsp:reof_086_0083
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REOF_086_0083
    Download Restriction: free
    File URL: http://www.cairn.info/revue-de-l-ofce-2003-3-page-83.htm
    Download Restriction: free
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Claire Barraud, 2009. "La Répudiation de la Dette Souveraine et ses Conséquences : Le Cas de l’Equateur," Post-Print hal-05396224, HAL.
    2. Philippe Bance, 2012. "Budgetary Policies in the Crisis: Crash, Rescue, Boomerang: A Trap for Public Intervention?," Post-Print hal-01965379, HAL.
    3. Claire Barraud, 2009. "La répudiation : une décision de dernier ressort en l'absence de mécanisme de gestion ordonnée des crises de la dette souveraine," Post-Print hal-05396063, HAL.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:reofsp:reof_086_0083. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-de-l-ofce.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.