Nobel Laureate in Economics, Joseph Stiglitz: A Rule of Law for Sovereign Debt

 Governments sometimes need to restructure their debts. Otherwise, a country’s economic and political stability may be threatened. But, in the absence of an international rule of law for resolving sovereign More...

Nobel Laureate in Economics, Joseph Stiglitz: A Fair Hearing for Sovereign Debt

/ By Joseph E. Stiglitz and Martin Guzman/ Last July, when United States federal judge Thomas Griesa ruled that Argentina had to repay in full the so-called vulture funds that had bought its sovereign debt More...