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Informationen zum Autor Robert W. Kolb (Chicago, IL) is the Frank W. Considine Chair of Applied Ethics and Professor of Finance at Loyola University, Chicago. Prior, he was the Assistant Dean, Business and Society, and Director, Center for Business and Society, at the University of Colorado at Boulder, Department Chairman at University of Miami, and he also taught at Emory University and University of Florida. Professor Kolb is the author of over 20 books on finance, derivatives, and futures, and has authored numerous articles in leading finance journals such as Financial Review, Journal of Futures Markets, Journal of Financial Engineering, Journal of Financial Economics, and Journal of Portfolio Management, among many others. Klappentext SOVEREIGN DEBT The Robert W. Kolb Series in Finance is an unparalleled source of information dedicated to the most important issues in modern finance. Each book focuses on a specific topic in the field of finance and contains contributed chapters from both respected academics and experienced financial professionals. As part of the Robert W. Kolb Series in Finance, Sovereign Debt takes a comprehensive look at the key themes surrounding this topic, namely how sovereign debt works and how it affects our world. Sovereign borrowing has been around as long as there have been states. And while the history of sovereign debt may include many episodes of default, it is essential to our future financial and societal stability. Filled with in-depth insights and expert advice, this timely guide contains some of the most cutting-edge thinking on sovereign debt. Page by page, it clearly covers a wide array of issues, from defaults and restructurings to the opportunities and dangers of sovereign debt in today's globalized financial arena. Divided into seven comprehensive sections, this volume will help you gain a deeper understanding of sovereign debt, through discussions of: The overarching theory of sovereign debt and the levels of debt nations can sustain Sovereign debt and financial crises The management of sovereign debt and the interaction between sovereign debt and other obligations of the state, such as pensions How changes in sovereign debt ratings affect stock markets The legal and contractual dimensions of restructurings and defaults Whether sovereign defaulters are really punished While the saga of sovereign debt has many chapters, understanding them is now more important than ever. Engaging and informative, this timely guide will help you put many of the issues associated with this area of international finance in perspective. Zusammenfassung An intelligent analysis of the dangers, opportunities, and consequences of global sovereign debt Sovereign debt is growing internationally at a terrifying rate, as nations seek to prop up their collapsing economies. Inhaltsverzeichnis Introduction. Acknowledgments. Part I: The Political Economy of Sovereign Debt. 1 Sovereign Debt: Theory, Defaults, and Sanctions ( Robert W. Kolb). 2 The Institutional Determinants of Debt Intolerance ( Raffaela Giordano and Pietro Tommasino). 3 Output Costs of Sovereign Default (Bianca De Paoli, Glenn Hoggarth, and Victoria Saporta). 4 Spillovers of Sovereign Default Risk: How Much is the Private Sector Affected ( Udaibir S. Das, Michael G. Papaioannou, and Christoph Trebesch). 5 Sovereign Debt Problems and Policy Gambles ( Samuel W. Malone). 6 Sovereign Debt and the Resource Curse (Mare Sarr, Erwin Bulte, Chris Meissner, and Tim Swanson). 7 Sovereign Debt and Military Conflict ( Zane M. Kelly). Part II: Making Sovereign Debt Work. 8 Fiscal Policy, Government Institutions, and Sovereign reditworthiness ( Bernardin Akitoby and Thomas Stratmann). 9 Corruption and Creditworthiness: Evidence from Sovereign Credit Ratin...
