Nobel Laureate in Economics Joseph Stiglitz, Martin Guzman: A Step Forward for Sovereign Debt

Every advanced country has a bankruptcy law, but there is no equivalent framework for sovereign borrowers. That legal vacuum matters, because, as we now see in Greece and Puerto Rico, it can suck the 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...

Nobel Laureate in Economics Prof. Joseph Stiglitz: Debeaking the Vultures

– / By Joseph E. Stiglitz and Martin Guzman / Joseph E. Stiglitz, a Nobel laureate in economics, is University Professor at Columbia University. His most recent book, co-authored with Bruce Greenwald, More...

Nobel Laureate in Economics Prof. Joseph Stiglitz: Argentina’s Griesafault

–  On July 30, Argentina’s creditors did not receive their semiannual payment on the bonds that were restructured after the country’s last default in 2001. Argentina had deposited $539 million in More...