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How do I work with the academics call? Where do I find relevant expertise on the subject?

How to work with the Academics Call?

The Academics Call can be used to support the political process towards a fair and rule-of-law-based sovereign debt workout mechanism in several ways:

  • Share the call with decision makers in parliaments and governments. Let those who influence the way sovereign debtors are treated, know about the strong and growing call form international renown experts.
  • Invite university teachers around you to co-sign the call.
  • Organize academic events within and beyond your university, and discuss the substance of the proposal(s) and the political processes to implement them. The hosts of this website will help as much as possible with facilitating contacts to signatories and provide more background, if so requested.
  • Send your comments and critiques of proposals to the hosts of this website and become part of controversial academic debates.
  • Subscribe to the call mailing list and be kept up-to-date on relevant academic events.

 

Link and Literature List

Academic experts have been working on proposals for a fair and transparent debt workout mechanism since the 1980s and even before that. This section therefore provides only an overview of relevant literature and links to websites of signatories and to institutions, which have been writing about sovereign debt workouts.

This list is work in progress, and the organisers appreciate hints to further literature and relevant websites:

1. Classics

The original proposal for an ad-hoc internationalisation of chapter 9 of the US insolvency code was presented by Prof. Kunibert Raffer of the University of Vienna. Further publications on the issue can be found at Raffer’s website.

The more statutory proposal for a sovereign debt court is being waged by several authors. One more recent piece on this is the proposal by Stephen Kargman and Prof. Christoph Paulus.

Also from a legal perspective comes Ross Buckley’s paper “The bankruptcy of Nations: An idea, who’s time has come”.

A Latin American version of a standing court proposal for sovereign bankruptcy has been presented by the Andean economists Alberto Acosta (Ecuador) and Oscar Ugarteche (Peru).

The proposal for a Sovereign Debt Forum from a Private Sector perspective has recently been updated and edited by the Canadian think tank Centre for International Governance Innovation.

2. Most recent

The Committee on International Economic Policy and Reform for Brookings Institution has presented a proposal for an IMF-based sovereign debt workout mechanism under the authorship of a broad range of experts.

A sceptic’s case for sovereign bankruptcy by Prof. Anna Gelpern (Georgetown University) deals with a broad range of common counter-arguments against the logic and the feasibility of a rule-of-law-based sovereign debt workout mechanism.

What sovereign debt workouts and intergalactic travel have in common has been demonstrated by Prof. Ugo Panizza.

 

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