JP Bohoslavsky & JL Černič (eds) Making sovereign financing and human rights work

Sovereign cat bonds and infrastructure project financing.

We examine the opportunities for using catastrophe-linked securities (or equivalent forms of nondebt contingent capital) to reduce the total costs of funding infrastructure projects in emerging economies. Our objective is to elaborate on methods to reduce the necessity for unanticipated (emergency) project funding immediately after a natural disaster. We also place the existing explanations of ...

"Human Rights"؛ "Citizen Rights"؛ "Human Rights Declaration"؛ " Middle Eastern States"

حقوق بشر و حقوق شهروندی از حقوق ذاتی و طبیعی انسان نشأت گرفته و در طول تاریخ بین اندیشمندان مناطق مختلف جهان و همچنین در مکاتب الهی توجه خاصی به آنها شده است. اما متاسفانه تا پایان جنگ جهانی دوم حقوق بشر بصورت گسترده اقبالی کسب ننمود. اگر چه با اعلامیه جهانی حقوق بشر سال 1948 و دیگر کنوانسیون های مربوطه، حقوق بشر شکل جهان شمولی بخود گرفته ولی هنوز بسیاری از دولتهای خاورمیانه حاضر به پذیرش تمامی...

Red Reason and Green Rights Illuminationist.Anthropology and Human Rights

Sovereign Debt Restructuring: the Judge, the Vultures and Creditor Rights

What role did the US courts play in the Argentine debt swap of 2005? What implications does this have for the future of creditor rights in sovereign bond markets? The judge in the Argentine case has, it appears, deftly exploited creditor heterogeneity – between holdouts seeking capital gains and institutional investors wanting a settlement – to promote a swap with a supermajority of creditors. ...

Financing Developing Country Debt: A Sovereign Borrowing Entity Proposal

This paper proposes the creation of a Sovereign Borrowing Entity (SBE) under the auspices of the International Monetary Fund (IMF) and other International Financial Institutions (IFIs). The SBE guarantees bond issuances by developing nations, packages them in relatively small denominations, and auctions them to the public. Should a developing debtor country fail to pay its debt, the SBE would r...