Sovereign Debt

Notes on Theoretical Frameworks and Policy Analyses - Working Paper #15

Joseph Stiglitz

Paper  457kb pdf

This note describes the key economic issues in private sector default and the differences between private sector debt and sovereign debt. It concludes with discussion of the key policy proposals.

About the Author

Joseph Stiglitz
Co-President
Initiative for Policy Dialogue (IPD)

Joseph E. Stiglitz is co-President of the Initiative for Policy Dialogue, and Chairman of the Committee on Global Thought at Columbia University. He is University Professor at Columbia, teaching in its Economics Department, its Business School, and its School of International and Public Affairs. He chaired the UN Commission of Experts on Reforms of the International Monetary and Financial System, created in the aftermath of the financial crisis by the President of the General Assembly. He is former Chief Economist and Senior Vice-President of the World Bank and Chairman of President Clinton’s Council of Economic Advisors. He was awarded the Nobel Memorial Prize in Economics in 2001.

Publication Information

Type Working Paper
Program Debt Restructuring and Sovereign Bankruptcy
Posted 03/31/02
Download 457kb pdf
# Pages 24