Global debt dynamics: crises, lessons, governance

Antoniades, Andreas and Panizza, Ugo, eds. (2019) Global debt dynamics: crises, lessons, governance. ThirdWorlds . Routledge, London. ISBN 9780367151935

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Abstract

This comprehensive volume explores debt dynamics and the intensification of debt crises across the globe, bringing together several recent but underexplored debt crises from different regional and socioeconomic contexts. Using detailed case studies, the authors recast the perils of debt-based growth in the context of regional/global imbalances; not to advocate ‘one-size-fits-all’ reforms, but to point to the need for accommodating diversity. They examine how current economic developments put developing and developed countries under new strain. They also interrogate the opportunities and challenges generated for developing countries by the new development finance landscape and newly (re)emerged geopolitical tensions. The book also explores the inability of existing dominant structures and thinking to effectively manage the multiple facets of the ongoing global debt crisis, pointing to responses that exacerbate rather than address unsustainable debt dynamics. The authors illustrate the adverse effects of ad hoc crisis management mechanisms which are not fit for purpose, and indicate the negative consequences that existing policies may have for democracy. They then put forward a framework for alternative thinking as well as concrete ideas on what needs to be done, in response.

This book will be of great interest to students, scholars and professionals in the field of global debt studies. It was originally published as a special issue of the online journal Third World Thematics.
This book will be of great interest to students, scholars and professionals in the field of global debt studies.

Item Type: Edited Book
Keywords: debt, debt crisis, debt relief, debt sustainability, global debt governance, fiscal crisis, inequality, money, IMF, development finance, HIPC, MDRI, Sri Lanka, Barbados, Portugal, Hungary, Western Balkans
Schools and Departments: School of Global Studies > International Relations
Research Centres and Groups: Centre for Global Political Economy
Subjects: H Social Sciences > HC Economic history and conditions
H Social Sciences > HG Finance > HG0201 Money
H Social Sciences > HG Finance > HG3691 Credit. Debt. Loans
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Depositing User: Andreas Antoniades
Date Deposited: 15 May 2019 14:34
Last Modified: 15 May 2019 14:34
URI: http://sro.sussex.ac.uk/id/eprint/83780
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