Sovereign Debt

By S. Ali Abbas (editor), Alex Pienkowski (editor), Kenneth Rogoff (editor)

Book cover of Sovereign Debt: A Guide for Economists and Practitioners

Book description

The last time global sovereign debt reached the level seen today was at the end of the Second World War, and this shaped a generation of economic policymaking. International institutions were transformed, country policies were often draconian and distortive, and many crises ensued. By the early 1970s, when debt fell…


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Why read it?

1 author picked Sovereign Debt as one of their favorite books. Why do they recommend it?

Government borrowing is the golden goose that makes possible investment in public infrastructure and continuing expenditures despite temporary shortfalls in tax revenue.

But when not managed well or when rocked by unforeseen catastrophes, sovereign debt can become an impossible burden.

Because the International Monetary Fund is mandated to worry about international financial stability, it is the central institution for international oversight of sovereign debt.

In this volume, the IMF brought together 38 economic and legal experts to explain to a broad audience why governments borrow, how to borrow sustainably, and how to emerge from default.

It is not a training…

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Tap Dancing on Everest by Mimi Zieman,

Tap Dancing on Everest, part coming-of-age memoir, part true-survival adventure story, is about a young medical student, the daughter of a Holocaust survivor raised in N.Y.C., who battles self-doubt to serve as the doctor—and only woman—on a remote Everest climb in Tibet.

The team attempts a new route up…

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