Stateness and Sovereign Debt

Stateness and Sovereign Debt PDF

Author: Kōstas A. Lavdas

Publisher: Rowman & Littlefield

Published: 2013

Total Pages: 201

ISBN-13: 0739181262

DOWNLOAD EBOOK →

This book examines the present crisis of Greece's political economy as a crisis of stateness, tackling the domestic as well as the international dimensions. It represents the first attempt by Greek academics to put forward a theoretically-informed, interdisciplinary analysis of Greece's fiscal, economic, and political crisis. The approach aims to fill a major gap, combining insights from comparative politics, political economy, international relations theory, and legal-institutional analysis, in a theoretically informed account of the Greek case in comparative and theoretical perspective. The book tackles the issue of the possible next steps for the EU under the influence of the crisis of the eurozone, including a thorough analysis of national sovereignty seen from a domestic and an international point of view, focusing on critical processes in the international arena such as interdependency and dependency, while a legal-institutional chapter demonstrates the erratic way in which Greek government dealt with sovereign debt. The project comes at the right time in order to address a highly contentious chapter in the political development of the Greek state and of the European South. As the crisis in the eurozone's weaker periphery unfolds, Lavdas, Litsas, and Skiadas use the Greek crisis in order to address a much larger and critical issue: the role and predicament of stateness in the developing EU.

A World of Public Debts

A World of Public Debts PDF

Author: Nicolas Barreyre

Publisher: Springer Nature

Published: 2020-10-26

Total Pages: 593

ISBN-13: 3030487946

DOWNLOAD EBOOK →

This book analyzes public debt from a political, historical, and global perspective. It demonstrates that public debt has been a defining feature in the construction of modern states, a main driver in the history of capitalism, and a potent geopolitical force. From revolutionary crisis to empire and the rise and fall of a post-war world order, the problem of debt has never been the sole purview of closed economic circles. This book offers a key to understanding the centrality of public debt today by revealing that political problems of public debt have and will continue to need a political response. Today’s tendency to consider public debt as a source of fragility or economic inefficiency misses the fact that, since the eighteenth century, public debts and capital markets have on many occasions been used by states to enforce their sovereignty and build their institutions, especially in times of war. It is nonetheless striking to observe that certain solutions that were used in the past to smooth out public debt crises (inflation, default, cancellation, or capital controls) were left out of the political framing of the recent crisis, therefore revealing how the balance of power between bondholders, taxpayers, pensioners, and wage-earners has evolved over the past 40 years. Today, as the Covid-19 pandemic opens up a dramatic new crisis, reconnecting the history of capitalism and that of democracy seems one of the most urgent intellectual and political tasks of our time. This global political history of public debt is a contribution to this debate and will be of interest to financial, economic, and political historians and researchers. Chapters 13 and 19 are available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

Tracing the Law of Sovereign Debt Within and Beyond the State

Tracing the Law of Sovereign Debt Within and Beyond the State PDF

Author: Daniela Jaros

Publisher:

Published: 2013

Total Pages: 237

ISBN-13:

DOWNLOAD EBOOK →

This thesis guides the reader through contemporary problems of the law of sovereign debt and default. Adopting a horizontal approach to the field, the state in its double role of being a borrower from the market and a regulator of the market remains at the center of this inquiry. How do problems related to sovereign debt challenge state institutions, constitutional principles and even the very concept of statehood? What kind of tools does the state have at its disposal to address these problems? Can the state improve both, its own role as a borrower and the overall functioning of the sovereign debt market? These are the core questions discussed in this thesis on the basis of numerous examples. A detailed analysis of the practice of sovereign debt is followed by an account of case law primarily from municipal courts dealing with sovereign debt disputes. The IMF's 'bailouts' are reviewed in the light of the constitutions of the recipient states before in a last chapter, a full account of the Euro crisis and its particularities is given. All these examples show strengths and weaknesses of the state's role as borrower and regulator and ultimately indicate where and how the law of sovereign debt can be improved.

Book Review

Book Review PDF

Author: Camelia Voinea

Publisher:

Published: 2014

Total Pages: 5

ISBN-13:

DOWNLOAD EBOOK →

During the past years, much of the European media has presented the Greek Crisis Case as a mix of economical news, political analyses and commentaries of various nuances and tones which often combined in quite unexpected ways charges with pity, compassion with clemency, incomprehension with ignorance. The echo of the impressive media news and images succeeded to nearly convey the feeling that, actually, a single request has been heard by the Greeks: money. And none of the answers seemed to have been loud enough and credible enough to this terrible request. Many European news programs and newspapers mirrored a nation in distress, people experiencing a living nightmare, overwhelmed institutions and political turmoil. Beyond any other, one question is still open: how could all this happen to an EU member country in the 21st century? The invariable answer concerns the 2008 economical and financial crisis. However, is this the only true answer? In one of the most thorough books of this year, “Stateness and Sovereign Debt: Greece in the European Conundrum”, Kostas Lavdas together with Spyridon Litsas and Dimitrios Skiadas, have succeeded to draw the picture of the unbelievable Greece Case.

Cosmopolitanism, State Sovereignty and International Law and Politics

Cosmopolitanism, State Sovereignty and International Law and Politics PDF

Author: Jorge E. Núñez

Publisher: Taylor & Francis

Published: 2023-08-25

Total Pages: 161

ISBN-13: 1000932893

DOWNLOAD EBOOK →

This book assesses the relationship between cosmopolitanism and sovereignty. Often considered to be incompatible, it is argued here that the two concepts are in many ways interrelated and to some extent rely on one another. By introducing a novel theory, the work presents a detailed philosophical analysis to illustrate how these notions might theoretically and practically work together. This theoretical inquiry is balanced with detailed empirical discussion highlighting how the concepts are related in practice and to expose the weaknesses of stricter interpretations of sovereignty which present it as exclusionary. Finally, the book looks at territorial disputes to explore how sovereignty and cosmopolitanism can successfully operate together to deal with global issues. The work will be of interest to academics and researchers in the areas of Legal Philosophy, Legal Theory and Jurisprudence, Public International Law, International Relations and Political Science.

The Proportionality of State Intervention

The Proportionality of State Intervention PDF

Author: Sebastian Weißschnur

Publisher: Springer Nature

Published: 2021-08-31

Total Pages: 436

ISBN-13: 3030756769

DOWNLOAD EBOOK →

This book outlines the connection between the principles of proportionality of state intervention and strategies made by the European Union. It describes underlining reasons for the occurrence of the global economic recession and available intervention options for governments to the EU markets.This book works out several possibilities EU countries use with the help of state intervention to actively intervene in the market economy. The author critically assesses the proportionality of interventions in the markets of EU members. With regard to the European economic recession, the book highlights the background of the global financial and external debt crisis. In this context, possible measures for growth promotion processes of the EU are also described.The book will appeal to lecturers and students of economics disciplines worldwide, political advisors of EU member states and decision-makers of the European Central Bank; as well as, in principle, all interested readers who would like to learn more about fiscal policy in the European Union.

State Building

State Building PDF

Author: Francis Fukuyama

Publisher: Profile Books

Published: 2017-06-15

Total Pages: 102

ISBN-13: 1847653774

DOWNLOAD EBOOK →

Weak or failed states - where no government is in control - are the source of many of the world's most serious problems, from poverty, AIDS and drugs to terrorism. What can be done to help? The problem of weak states and the need for state-building has existed for many years, but it has been urgent since September 11 and Afghanistan and Iraq. The formation of proper public institutions, such as an honest police force, uncorrupted courts, functioning schools and medical services and a strong civil service, is fraught with difficulties. We know how to help with resources, people and technology across borders, but state building requires methods that are not easily transported. The ability to create healthy states from nothing has suddenly risen to the top of the world agenda. State building has become a crucial matter of global security. In this hugely important book, Francis Fukuyama explains the concept of state-building and discusses the problems and causes of state weakness and its national and international effects.

Stateness and Democracy in East Asia

Stateness and Democracy in East Asia PDF

Author: Aurel Croissant

Publisher: Cambridge University Press

Published: 2020-05-21

Total Pages: 293

ISBN-13: 110885169X

DOWNLOAD EBOOK →

Democratization and state building are fundamental political processes, yet scholars cannot agree on which process should be prioritized in order to put countries on a positive path of institutional development. Where much of the existing literature on the state-democracy nexus focuses on quantitative cross-national data, this volume offers a theoretically grounded regional analysis built around in-depth qualitative case studies. The chapters examine cases of successful democratic consolidation (South Korea, Taiwan), defective democracy (Philippines, Indonesia, East Timor), and autocratic reversal (Cambodia, Thailand). The book's evidence challenges the dominant 'state first, democracy later' argument, demonstrating instead that stateness is neither a sufficient nor a necessary condition for democratic consolidation. The authors not only show that democratization can become trapped in path-dependent processes, but also that the system-level organization of informal networks plays a key role in shaping the outcome of democratic transitions.

Lanterna Rally - Theme by Grace Themes