Sovereign Debt : a Guide for Economists and Practitioners / International Monetary Fund ; ed.: S. A. Abbas [et al.]. - Oxford ; New York : Oxford University Press, 2021. - xxiv, 436 p. - ISBN 978-0-19-285633-3.
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 back to pre-war levels, the world was radically different. It is likely that changes of a similar magnitude - for better and for worse - will play out over coming decades. "Sovereign Debt : a Guide for Economists and Practitioners" is an attempt to build some structure around the issues of sovereign debt to help guide economists, practitioners, and policymakers through this complicated, but not intractable, subject. "Sovereign Debt" brings together some of the worlds leading researchers and specialists in sovereign debt to cover a range of sub-disciplines within this vast topic. It explores debt management with debt sustainability; debt reduction with crisis prevention policies, and history with the present conjuncture. It is a foundation text for all those interested in sovereign debt, with a particular focus on real world examples and issues.