Sovereign Debt Restructurings 1950-2010


Book Description

This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses.







Remapping India


Book Description

There is a widespread consensus today that the constitutional flexibility to alter state boundaries has bolstered the stability of India’s democracy. Yet debates persist about whether the creation of more states is desirable. Political parties, regional movements and local activists continue to demand new states in different parts of the country as part of their attempts to reshape political and economic arenas. Remapping India looks at the most recent episode of state creation in 2000, when the states of Chhattisgarh, Jharkhand and Uttarakhand came into being in some of the poorest, yet resource-rich, regions of Hindi-speaking north and central India. Their creation represented a new turn in the history of the country’s territorial organisation. This book explains the politics that lay behind this episode of ‘post-linguistic’ state reorganisation and what it means for the future design of India’s federal system.




The Code of Federal Regulations of the United States of America


Book Description

The Code of federal regulations is the codification of the general and permanent rules published in the Federal register by the executive departments and agencies of the federal government.










Public Roads


Book Description