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http://ssrn.com/abstract=2198161
 
 

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A Skeptic's Case for Sovereign Bankruptcy


Anna Gelpern


Georgetown University Law Center

April 9, 2013

Houston Law Review, Vol. 50, pp. 1095-1127, 2013 Forthcoming
American University, WCL Research Paper No. 2013-02

Abstract:     
This essay describes fundamental flaws in the sovereign debt restructuring regime, but questions the prevailing arguments for sovereign bankruptcy. I conclude that efficient debt outcomes may well come about without bankruptcy, but that a statutory regime is necessary to achieve sovereign autonomy and political legitimacy.

Number of Pages in PDF File: 34

Keywords: sovereign debt, debt restructuring, sovereign bankruptcy, SDRM

JEL Classification: F34

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Date posted: January 9, 2013 ; Last revised: October 18, 2013

Suggested Citation

Gelpern, Anna, A Skeptic's Case for Sovereign Bankruptcy (April 9, 2013). Houston Law Review, Vol. 50, pp. 1095-1127, 2013 Forthcoming ; American University, WCL Research Paper No. 2013-02. Available at SSRN: http://ssrn.com/abstract=2198161

Contact Information

Anna Gelpern (Contact Author)
Georgetown University Law Center ( email )
600 New Jersey Avenue, NW
Washington, DC 20001
United States
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