Economics, Econometrics and Finance
6 years ago

International debt relief fails to address root causes of sovereign debt crises.

Oxford University Press eBooks
Sovereign Debt Crises
Rosa M. Lastra, Vassilis Paliouras

Paper Summary

The article discusses how countries in debt crises are seen as having debt management issues by creditors. Solutions focus on fixing debt mismanagement through economic adjustments, rather than addressing the root causes of the crises. The chapter explores the reasons behind sovereign debt crises and the role of debt management in either causing or resolving them effectively.

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