Unconstitutional Regimes and the Validity of Sovereign Debt: A Legal Perspective

1st Edition

Sabine Michalowski

Routledge
Published November 15, 2016
Reference - 236 Pages
ISBN 9781138264564 - CAT# Y314389

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Summary

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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