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Unconstitutional Regimes and the Validity of Sovereign Debt

A Legal Perspective

By (author) Sabine Michalowski
Format: Paperback / softback
Publisher: Taylor & Francis Ltd, London, United Kingdom
Imprint: Routledge
Published: 15th Nov 2016
Dimensions: w 156mm h 234mm
Weight: 440g
ISBN-10: 1138264563
ISBN-13: 9781138264564
Barcode No: 9781138264564
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Synopsis
Sabine Michalowski's work provides a much-needed legal perspective on the topical subject of Developing World debt repayment. The volume incorporates a single debtor country, Argentina, as an example to address global questions relating to this problem. The work assesses the range of complex issues involved in the context of international as well as national law. It further examines the political pressure creditors may apply to make vulnerable countries adapt their economic and other policies in line with their wishes. These raise obvious constitutional issues for the debtor country and pose questions of whether and how the inequality of bargaining power in such situations could influence the validity of any measures taken, whether contractual or legislative. Argentina has been chosen as a case study because as a large debtor country, it represents these sorts of issues.

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