Kunibert Raffer http://homepage.univie.ac.at/kunibert.raffer Vorlesung: SS 2016 Überschuldung souveräner Staaten und wirtschaftliche Entwicklung DO, 13:15-14:45, HS 12, OMP 2.Stock VL-Unterlagen ( Kunibert Raffer 2016) Bitte klicken http://homepage.univie.ac.at/kunibert.raffer/vl-ep-ss16.pptx 3. März Vorbesprechung, Einführung in das Semesterthema Raffer, Kunibert& H.W. Singer (2001) The Economic North-South Divide: Six Decades of Unequal Development,Cheltenham (UK)/Northampton (US): Elgar [paperback eds: 2002; 2004], pp.158-197) Geschichtlicher Abriß der Verschuldung der EL Überblick über Struktur der Verschuldung, Schuldenkrisen vor und nach 1945, Pearson Report und Überschuldung, Euromarkt und syndizierte Kredite, Krise 1982 und Strukturanpassung, die 1990er: die Wiederkehr der Anleihen, Asienkrise 1997 und spätere Krisen Kunibert Raffer (2010)Debt Management for Development - Protection of the Poor and the Millennium Development Goals, Edward Elgar, Cheltenham (UK)/ Northampton (US), pp.1-58 (paperback: 2011) Jürgen Kaiser, Debts are not Destiny, On the 50 th Anniversary of the London Debt Agreement, 1953-2003, http://www.jubileeusa.org/learn_more/london-paper.pdf Lester B. Pearson et al. (1969) Partners in Development: Report of the Commission on International Development, Praeger: New York, pp.153ff (Kapitel über Schulden) Kunibert Raffer (2004) The Debt Crisis and the South in the Era of Globalisation, in: Max Spoor (ed) Globalisation, Poverty and Conflict, A Critical Development Reader (Papers of the Conference "50 Years Institute of Social Studies" October 2002, ISS, Den Haag), Kluwer: Dordrecht, Boston&London, pp.97ff Wilhelm Reichmann (1988) Die Verschuldung der Dritten Welt 1970-1983, Entwicklung und Ursachen der Krise in den Finanzbeziehungen zwischen Norden und Süden, Peter Lang: Frankfurt a.m. etc Odette Lienau (2014) Rethinking Sovereign Debt, Reputation, and Legitimacy, Havard UP, Cambridge (Mass) & London Vorschläge und Strategien im gegenwärtigen Jahrtausend Emulation von Insolvenzverfahren (Internationales Chapter 9, SDRM); CACs; Verhaltenskodex; Gleneagles (Multilateral Debt Relief Initiative); Einzellösungen VL Überschuldung souveräner Staaten und wirtschaftliche Entwicklung SS16 S.1/5
ohne generelles Rahmenwerk (Argentiniens einseitige Schuldenreduktion, Iraks und Nigerias Reduktion durch den Pariser Club, Ekuador); professionelle hold-outs (auch Geierfonds genannt): staatlich gefördertes Entstehen eines neuen Geschäftsmodels Barry Eichengreen & Ashoka Mody (2000) Would Collective Action Clauses Raise Borrowing Costs?, NBER Working Paper 7458, http://www.nber.org/papers/w7458.pdf G8 Finance Ministers (2005) Conclusions on Development, London (10-11 June) http://www.g8.gov.uk/servlet/front?pagename=openmarket/xcelerate/showpage&c= Page&cid=1078995903270&aid=1115146455234 Anne Krueger (2001) "International Financial Architecture for 2002: A New Approach to Sovereign Debt Restructuring", http://www.imf.org/external/np/speeches/2001/112601.htm Kunibert Raffer (2005) The Present State of the Discussion on Restructuring Sovereign Debts: Which Specific Sovereign Insolvency Procedure? in: UNCTAD (ed) (2005) Proceedings of the Fourth Inter-regional Debt Management Conference and WADMO Conference 10-12 November 2003, UN: Geneva & New York (UN Sales No. E.05.II.D.11), pp.69ff Kenneth Rogoff &JerominZettelmeyer (2002) "Bankruptcy Procedures for Sovereigns: A History of Ideas, 1976 2001", IMF Staff Papers 49 (3), pp.470ff Martin A.Weiss (2005) Iraq: Paris Club Debt Relief, CRS Report for Congress, Congressional Research Service (January 19) http://fpc.state.gov/documents/organization/44019.pdf Kunibert Raffer (2006) The IMF's SDRM - Simply Disastrous Rescheduling Management?, in: Chris Jochnick & Fraser A. Preston (eds) Sovereign Debt at the Crossroads, Challenges and Proposals for Resolving the Third World Debt Crisis, Oxford UP, Oxford etc, pp.246ff Kunibert Raffer (2014) "NML v. Argentina Final Proof of a Glaring Imperfection of International Capital Markets", Journal of Stock and Forex Trading 3(4), doi: 10.4172/2168-9458.1000134 http://omicsgroup.org/journals/nml-v-argentina-finalproof-of-a-glaring-imperfection-of-international-capital-markets-2168-9458-3-134.pdf Die selbstverschuldete Krise der Euroländer und Islands heterodoxes Erfolgsmodel Kunibert Raffer (2014) Turning a Small Problem into Catastrophe: The Case of Greece, in: Daniel Dăianu, Giorgio Basevi, Carlo D Adda & Rajeesh Kumar (eds) The Eurozone Crisis and the Future of Europe The Political Economy of Further Integration and Governance, (International Political Economy Series, series ed. Timothy M. Shaw) Palgrave, Macmillan, Basingstoke & New York, pp.154-170 Barry Eichengreen (2015) The Irish Crisis and the EU from a Distance, https://www.imf.org/external/np/seminars/eng/2014/ireland/pdf/eichengreen_irishcris iseu.pdf IMF (2015) Ireland - Ex post Evaluation of Exceptional Access under the 2010 Extended Arrangement, IMF Country Report No. 15/20, https://www.imf.org/external/pubs/ft/scr/2015/cr1520.pdf Kunibert Raffer (2014) Gemeinschaftshaftung und Anreizkompatibilität: Eurobonds und ihre Alternativen, in: Hermann-Josef Blanke & Stefan Pilz (Hg) Die Fiskalunion, Voraussetzungen einer Vertiefung der politischen Integration im Währungsraum der Europäischen Union, Mohr Siebeck, Tübingen, S.207-226 François Gianviti, Anne O. Krueger, Jean Pisani-Ferry & Jürgen von Hagen (2010) A European Mechanism for Sovereign Debt Crisis Resolution: A Proposal, 9 Novem- VL Überschuldung souveräner Staaten und wirtschaftliche Entwicklung SS16 S.2/5
ber, Bruegel, Brussels, http://www.bruegel.org/publications/publicationdetail/publication/446-a-european-mechanism-for-sovereign-debt-crisis-resolution-aproposal/ oder http://aei.pitt.edu/15123/ Baldur Thorhallsson and Peadar Kirby (2011) Financial crises in Iceland and Ireland: Does EU and Euro membership matter?, TASC in Dublin and by the Centre for Small State Studies at the University of Iceland, http://stofnanir.hi.is/ams/sites/files/ams/iceland-ireland- Report%20final%20version_Kirby_Baldur.pdf Paul Krugman (2010) Eating the Irish, NY Times, Opinion Pages, page A37 of the New York edition, http://www.nytimes.com/2010/11/26/opinion/26krugman.html?_r=0 Juan Pablo Bohoslavsky (2014) End-of-mission statement by Mr. Juan Pablo Bohoslavsky, United Nations Independent Expert on the effects of foreign debt and other related international financial obligations of States on the full enjoyment of all human rights, particularly economic, social and cultural rights. Mission to Iceland, 8-15 December 2014, http://www.ohchr.org/en/newsevents/pages/displaynews.aspx?newsid=15420&la ngid=e IMF (2011) Iceland's Unorthodox Policies Suggest Alternative Way Out of Crisis, IMF Survey online, November 03, http://www.imf.org/external/pubs/ft/survey/so/2011/car110311a.htm Ein Internationales Chapter 9 für souveräne Schuldner Barry Eichengreen (1999) Toward a New International Financial Architecture, A Practical Post-Asia Agenda, WashingtonDC, IIE James K. Galbraith (2003) The Brazilian Swindle and the Larger International Monetary Problem,http://www.jubileeresearch.org/analysis/articles/brazil240103.htm Kunibert Raffer (1990) "Applying Chapter 9 Insolvency to International Debts: An Economically Efficient Solution with a Human Face", World Development18(2), pp.301ff Kunibert Raffer (2005) Considerations for Designing Sovereign Insolvency Procedures, Law, Social Justice & Global Development Journal (LGD) no.1, http://www.go.warwick.ac.uk/elj/lgd/2005_1/raffer Kunibert Raffer (2005) "Internationalizing US Municipal Insolvency: A Fair, Equitable, and Efficient Way to Overcome a Debt Overhang", Chicago Journal of International Law 6(1) (Summer), pp.361ff Kunibert Raffer (2003) Memorandum [on the IMF s SDRM] submitted by Professor Kunibert Raffer, Department of Economics, University of Vienna, Austria, in: House of Commons, International Development Committee (2003) The Autumn Meetings of the IMF and the World Bank, Minutes of Evidence and Appendices, Tuesday 5 November 2002, Ordered by The House of Commons to be printed on 7 January 2003, Stationary Office, London [HC(2001-02) 1297-i and HC (2002-03) 256] Appendix 15, pp.73-76 [auch link über meine homepage] Schuldnerrechte, Menschenrechte und Rechtsstaatlichkeit Mindestanforderungen an eine tragfähige, effiziente und humane Lösung Joseph Stiglitz (2000) Democratic Development as the Fruits of Labor, Keynote Address, Industrial Relations Research Association, American Economic Association Meetings Boston (January) http://www.worldbank.org/knowledge/chiefecon/articles/boston.htm VL Überschuldung souveräner Staaten und wirtschaftliche Entwicklung SS16 S.3/5
UNCTAD (2002) Economic Development in Africa: From Adjustment to Poverty Reduction: What is New?, Geneva: UN Kunibert Raffer (2014) A Sovereign Debt Overhang, Human Rights and the MDGs: Legal Problems through an Economist s Lens, in: Juan Pablo Bohoslavsky & Jernej Letnar Černič (eds) Making Sovereign Financing and Human Rights Work, Hart Publishing, Oxford & Portland (Oregon), pp. 101-114 SAPRIN (2002) The Policy Roots of Economic Crisis and Poverty: A Multi-country Participatory Assessment of Structural Adjustment (published in 2004 by Zed under the title Structural Adjustment: The SAPRI Report) http://www.saprin.org/sapri_findings.pdf Giovanni Andrea Cornia, Richard Jolly, Frances Stewart (eds) (1987) Adjustment with a Human Face, vol. 1, Clarendon Press: Oxford, 1988 Tragfähigkeit und Phantomschulden GAO (2000) Developing Countries: Debt Relief Initiative for Poor Countries Faces Challenges (Chapter Report, 06/29/2000, GAO/NSIAD-00-161) http://www.gao.gov/new.items/ns00161.pdf#search=%22gao%20%22developing% 20Countries%3A%20Debt%20Relief%20Initiative%20for%20Poor%20Countries%20 Faces%20Challenges%22%22 IBRD, Operations Evaluation Department (2003) Debt Relief for the Poorest, An OED Review of the HIPC Initiative (Task Manager: Madhur Gautam) IBRD, WashingtonDChttp://lnweb18.worldbank.org/OED/oeddoclib.nsf/b57456d58aba40e5 85256ad400736404/86dd1e3dca61e0b985256cd700665b1c/$FILE/HIPC_OED_revie w.pdf IMF & IDA (2004) "Debt Sustainability in Low-Income Countries - Proposal for an Operational Framework and Policy Implications", http://www.imf.org/external/np/pdr/sustain/2004/020304.pdf Kunibert Raffer (1998) "The Necessity of International Chapter 9 Insolvency Procedures", in: Eurodad (ed) Taking Stock of Debt, Creditor Policy in the Face of Debtor Poverty, Eurodad, Brussels 1998, pp.25ff Wer ist ein Preferred Creditor? James M. Boughton (2001) Silent Revolution: The International Monetary Fund 1979-1989, Chapter 16 (Washington DC: IMF), also available at the IMF s homepage: http://www.imf.org/external/pubs/ft/history/2001/ch16.pdf Kunibert Raffer (2007) Delivering Greater Information and Transparency in Debt Management, in: UNCTAD (2007) Proceedings of the Fifth Inter-regional Debt Management Conference and WADMO Conference 20 22 June 2005, UN: Geneva & New York, (UN Sales No. E.07.II.D.15), pp.79-88, http://www.un.org/esa/ffd/msc/sovereigndebt/unctad_gds_dmfas_2007_1_oct 07.pdf J. Martha Rutsel Silvestre (1990) Preferred Creditor Status Under International Law: The Case of the International Monetary Fund, International and Comparative Law Quarterly 39(4), pp.801ff Juan Pablo Bohoslavsky (2010) Lending and Sovereign Insolvency: A Fair and Efficient Criterion to Distribute Losses among Creditors, Göttingen Journal of International Law 2(1), pp.387 412 VL Überschuldung souveräner Staaten und wirtschaftliche Entwicklung SS16 S.4/5
Die Kampagnearbeit der NRO für Schuldenreduktion und Schuldnerschutz Soren Ambrose (2005) Social Movements and the Politics of Debt Cancellation, Chicago Journal of International Law 6(1) (Summer), pp.267ff Andreas Fisch (2002) Globalisierung von Solidarität? Das Insolvenzrecht von Staaten als Gegenstand einer politischen Kampagne, in: Hermann-Josef Große Kracht (Hg) Solidarität institutionalisieren, Arenen, Aufgaben und Akteure christlicher Sozialethik, Beiträge aus dem Institut für Christliche Sozialwissenschaften Karl Gabriel zum 60. Geburtstag, LIT: Münster, S.193ff Romilly Greenhill, Ann Pettifor, Henry Northover& Ashok Sinha (2003) Did the G8 Drop the Debt? Five years after the Birmingham Human Chain, what has been achieved, and what more needs to be done? http://www.jubileeresearch.org/analysis/reports/g8final.pdf Ann Pettifor(2006) The Jubilee 2000 Campaign: A Brief Overview, in: Chris Jochnick& Fraser A. Preston (eds) Sovereign Debt at the Crossroads, Challenges and Proposals for Resolving the Third World Debt Crisis, Oxford UP, Oxford etc, pp.297ff Ann Pettifor (2002) Chapter 9/11? Resolving international debt crises the Jubilee Framework for international insolvency, A report from Jubilee Research at NEF, http://www.i-r-e.org/fiche-analyse-32_en.html Zu den satzungsgemäß festgesetzten Zeiten finden schriftliche Klausuren statt. Die genauen Termine werden rechtzeitig bekanntgegeben. Eine positive Klausurnote ist Bedingung für ein positives VL-Zeugnis. Neben unserer WIWI-Bibliothek am Institut gibt es die entwicklungspolitische Fachbibliothek der ÖFSE, Sensengasse 3, 1090 Wien geöffnet: Montag - Dienstag: 9.00-17.00 Uhr Mittwoch - Donnerstag: 9.00-19.00 Uhr Freitag: 9.00-14.00 Uhr die ein umfangreiches Spektrum entwicklungspolitischer Publikationen anbietet.???????????? FRAGEN - LOB - Beschwerden????????????? All dies kann auch in meiner Sprechstunde MI, 12:00 bis 13:00 Uhr vorgebracht werden. Viel Spaß an dieser letzten Vorlesung vor meiner Pensionierung Ihr Vorleser VL Überschuldung souveräner Staaten und wirtschaftliche Entwicklung SS16 S.5/5