The present US Crisis once again saved the IMF after a wave of early repayments had pushed it to the brink of bankruptcy, also making it more powerful. Unsurprisingly, reform proposals abound, (...)
Adapting domestic insolvency procedures to sovereign states one must tackle the question whether some form of creditor differentiation, such as creditor classes, should exist internationally. (...)
At present proposals to reform the Bretton Woods Institutions (BWIs) abound, and good
governance and the Rule of Law have been widely preached. It is all the more surprising that one urgent (...)
