English Abstract: There is a growing consensus that Venezuela will not be able to persist for much longer with its policy of full external debt service. The social costs are just too great. This implies a debt restructuring of some kind. Venezuela, principally through its state-owned oil...

English Abstract: The pari passu fallacy, first uncloaked in 2000, holds that when a sovereign borrower promises to maintain the equal ranking of a debt with the borrower's other senior indebtedness, it thereby implicitly promises to pay all of those debts on a ratable basis. In its 18-year life...

En el presente trabajo se lleva a cabo una evaluación de la sostenibilidad de la deuda pública en Venezuela. En la primera parte del estudio se presenta un breve bosquejo teórico de los modelos para evaluar la sostenibilidad de la deuda pública que aparece reflejado en la literatura...

Spanish Abstract: En los años recientes, las crisis derivadas de deudas públicas han recibido mucha atención desde el punto de vista de la política pública internacional, pero todavía está pendiente la maduración de una efectiva solución legal a los defaults soberanos dentro del derecho...

This essay discusses policies for decision-making related to sovereign debt and treasury operations, based on a partially dollarized economy like Peru. The methodology used is deductive argumentation. To do this, using organizational theory, international norms and standards, and best practices...

In this paper the Uruguayan public indebtedness from 1905 to 1939 is estimated. The timeframe covers a particular historical period characterized by the end of the “civil wars”, the consolidation of the political power of batllists and the settlement of agreements in order to restore the...

The international financial system (IFS) has undergone a series of financial crises over the past decade. This paper analyzes the shortcomings of said system (that have contributed to the crises) and, with them in mind, reviews and evaluates the IFS refor

English Abstract: Argentina is once again seeking to restructure its external debt. To facilitate this process, the country is proposing to use the state-of-the-art collective action clause that was included in the bonds Argentina started issuing in the Spring of 2016. When it uncloaked its...