The Legitimate Repudiation of a Nation's Debts
There is a need for an impartial international tribunal to consider requests for approval of repudiations of developing nations' debts. At present, debt relief is available as largess from the "Paris Club" of creditor nations or the "London Club" of commercial banks, but a nation that is treated unfairly has only the recourse of unilateral repudiation, which is subject to bias from self-interest. There is no impartial forum in which disagreements can be adjudicated. This paper explores the legal principles that might justify approval of repudiations of such debts, thereby advancing both economic efficiency and social justice.
Volume (Year): 19 (1993)
Issue (Month): 3 (Summer)
|Contact details of provider:|| Postal: |
Phone: (201) 684-7346
Web page: http://www.ramapo.edu/eea/journal.htmlEmail:
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:19:y:1993:i:3:p:251-256. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson, College of the Holy Cross)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.