Sovereign Debt Sustainability: Multilateral Debt Treatment and the Credit Rating

Description: Sovereign Debt Sustainability by Daniel Cash Estimated delivery 3-12 business days Format Hardcover Condition Brand New Description Explains that the reason for the failure of recent initiatives to alleviate the poorest countries debt-related issues is an inability to bring sovereign countries to the table to re-negotiate their debt agreements with private creditors, as they fear the credit rating agencies and the prospect of a downgrade: the Credit Ratings impasse. Publisher Description In 2020, the G20 proposed a solution for the debt-related issues affecting the worlds poorest countries due to the COVID-19 pandemic. However, their initiatives have failed to meet their objectives. The author argues that the reason for this failure is the inability to bring sovereign countries to the table to re-negotiate their debt agreements with private creditors as they fear credit rating agencies and the prospect of a downgrade. The author refers to this as the credit rating impasse.This book proposes a novel solution. The author asserts that there is a need in the literature to unpick the dynamic that exists and creates that impasse, namely the pressures that exist between sovereign states, private creditors, credit rating agencies, and the geo-political backdrop that is massively influential in the dynamic, that is, the adversarial relationship between China and the US.This book addresses the recent history of debt treatment for poorer countries and related successes and failures: COVID-19-related issues and the development of the Debt Service Suspension Initiative and the Common Framework for Debt Treatment. This book examines the reasons for their failure by analysing the positions of the sovereign states, the division between private and official creditors and between multilateral institutions such as the IMF and the World Bank, credit rating agencies, and the competing political entities of China and the US. It presents a wider picture of the systemic underpinnings to such debt-related issues and, when examined through a geo-political perspective, the subsequent chances of future debt treatment-related successes.Licence line: The Open Access version of this book, available at , has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license. Author Biography Daniel Cash is a Senior Lecturer at Aston University, UK, a Fulbright Scholar at New York Universitys Stern Business School, and specialises in the regulation of the credit rating industry. Details ISBN 1032198656 ISBN-13 9781032198651 Title Sovereign Debt Sustainability Author Daniel Cash Format Hardcover Year 2022 Pages 144 Publisher Taylor & Francis Ltd GE_Item_ID:138965754; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

Price: 185.9 USD

Location: Fairfield, Ohio

End Time: 2025-02-10T03:20:44.000Z

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