Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Scope of This Work

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

The discussion on a reform of the international system of sovereign debt restructuring started to attract growing attention in the 1980s but it was not until Anne Krueger, then first deputy managing director of the International Monetary Fund (IMF), proposed a Sovereign Debt Restructuring Mechanism (SDRM) in November 2001, that this idea attracted world-wide attention. In light of the fact that the U.S. vetoed this proposal in the spring of 2003, this book re-analyzes the proposal by the IMF, as well as potential alternatives, as the discussion initiated by Anne Krueger can enable the politicians to find viable alternatives before the next Argentine-type default leads to unnecessary economic losses caused by the absence of a legal framework necessary for a stable international financial architecture. This thesis addresses the issue of how the legal gap in the international financial architecture may be filled.

Keywords: Anne Krueger; international financial architecture; International Monetary Fund (IMF); international system; sovereign debt restructuring; Sovereign Debt Restructuring Mechanism (SDRM)



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    Towards a Reorganisation System for Sovereign Debt — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation