Sovereign Debt

The last time global sovereign debt reached the level seen today was at the end of the Second World War and this shaped a generation of economic policymaking. International institutions were transformed country policies were often draconian and distortive and many crises ensued. By the early 1970s when debt fell back to pre-war levels the world was radically different. It is likely that changes of a similar magnitude -for better and for worse - will play out over coming decades. <em>Sovereign Debt: A Guide for Economists and Practitioners</em> is an attempt to build some structure around the issues of sovereign debt to help guide economists practitioners and policymakers through this complicated but not intractable subject. <p/><em>Sovereign Debt</em> brings together some of the world's leading researchers and specialists in sovereign debt to cover a range of sub-disciplines within this vast topic. It explores debt management with debt sustainability; debt reduction policies with crisis prevention policies; and the history with the conjuncture. It is a foundation text for all those interested in sovereign debt with a particular focus real world examples and issues.<br>