The Bankruptcy of Nations: An Idea Whose Time Has Come

2009, 43(3) The International Lawyer, 1189-1216

UNSW Law Research Paper No. 2013-46

33 Pages Posted: 21 Jul 2013

See all articles by Ross P. Buckley

Ross P. Buckley

University of New South Wales (UNSW) - Faculty of Law

Date Written: July 18, 2013

Abstract

A bankruptcy regime is a central part of each national financial system. Yet no regime exists for insolvent sovereigns. As a result too much capital flows into poor countries in good times and is often repaid at the expense of the basic human rights of the poor in these countries in bad times. This paper examines the case for a sovereign insolvency regime, and considers Chapter 9 of the US Bankruptcy Code as a model for such a regime.

Suggested Citation

Buckley, Ross P., The Bankruptcy of Nations: An Idea Whose Time Has Come (July 18, 2013). 2009, 43(3) The International Lawyer, 1189-1216; UNSW Law Research Paper No. 2013-46. Available at SSRN: https://ssrn.com/abstract=2296533

Ross P. Buckley (Contact Author)

University of New South Wales (UNSW) - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia

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