Debt Defaults and Lessons from a Decade of Crises

Preface ix Acknowledgments and Disclaimer xi I. History, Economics, and Law 1(82) Sovereign Defaults and Debt Restructurings: Historical Overview 3(28) The Economics of Sovereign Debt and Debt Crises: A Primer 31(24) Legal Issues in Sovereign Debt Restructuring 55(28) II. The New Debt Crises, 1998--2005 83(148) Introduction 85(6) Russia 91(24) Ukraine 115(20) Pakistan 135(12) Ecuador 147(18) Argentina 165(38) Moldova 203(8) Uruguay 211(20) Afterword: The Dominican Republic 227(4) III. Policy 231(66) Debt Crises from the Perspective of an Emerging Market Economy Policymaker 233(36) International Financial Architecture 269(28) Appendix: Tools for the Analysis of Debt Problems 297(32) Notes 329(16) References 345(20) Index 365