Detailed case studies of debt defaults by Russia, Ukraine, Pakistan, Ecuador,Moldova, and Uruguay, framed by a comprehensive discussion of the history, economic theory, legalissues, and policy lessons
In this book, Federico Sturzenegger and Mariano Tommasi propose formal models toanswer some of the questions raised by the recent reform experience of many Latin American and EastEuropean countries. T
"This book is important and timely, bringing together some of the world's leading economists. The theory chapters provide new insights and apply new developments in contract theory to the problems of
