EXTERNAL PUBLIC DEBT: PROBLEMS AND PROSPECTS OF REPAYMENT

Sovereign Debt Restructuring: Problems and Prospects

This Article reviews the history of sovereign debt restructuring operations with private sector creditors with a view toward diagnosing the factors that lead to inferior outcomes. The Article also attempts to forecast potential problems that may arise in sovereign debt restructuring negotiations in the future and reviews possible modifications of existing institutions. The future potential prob...

External and Public Debt Crises: Discussion

Extinction debt repayment via timely habitat restoration

Habitat destruction threatens the viability of many populations, but its full consequences can take considerable time to unfold. Much of the discourse surrounding extinction debts—the number of species that persist transiently following habitat loss, despite being headed for extinction—frames ultimate population crashes as the means of settling the debt. However, slow population decline also op...

Defense Expenditures, External Public Debt and Growth in Developing Countries

Problems and Prospects of Introducing Islamic Microfinance in Azerbaijan Republic