Life After Debt

Joseph Stiglitz, Columbia University, USAMartin Guzman, Brown University, USAJosé Antonio Ocampo, Columbia University, USAPablo Sanguinetti, Torcuato de Tella University, ArgentinaRoberto Frenkel, Buenos Aires University, ArgentinaRicardo BeczukStephany Griffith-Jones, Columbia University, USAHernán Seoane, Universidad Carlos III de Madrid, SpainRohan Pitchford, Australian National University, AustraliaMark L. J. Wright, University of California, USAFederico Weinschelbaum, University of San Andrés, ArgentinaBenu SchneiderFernando NavajasMarcus Miller, University of Warwick, UKAlfredo Schclarek Curutchet, National University of Córdoba, ArgentinaDavid Barr, Bank of EnglandOliver Bush, Bank of EnglandAlex Pienkowski, Bank of EnglandEnrique Kawamura, University of San Andrés, ArgentinaDaniel Heymann, University of Buenos Aires, ArgentinaAxel Leijonhufvud, University of California, USAJorge Carrera, Central Bank of Argentina

• PART I: ANALYTICAL ISSUES 1.1. Crises: Principles and Policies; Joseph Stiglitz 1.2. Comments; Martin Guzman PART II: DEBT CRISES: VARIETIES OF EXPERIENCES 2.1. The Latin American Debt Crisis in Historical Perspective; José Antonio Ocampo 2.2. Comments; Pablo Sanguinetti 2.3. What have the Crises in Emerging Markets and the Eurozone in Common and What Differentiates Them?; Roberto Frenkel 2.4. Comments; Ricardo Beczuk 2.5. From Austerity to Growth in Europe: some Lessons from Latin America; Stephany Griffith-Jones 2.6. Comments; Hernán Seoane PART III: DEBT DEFAULTS: COSTS AND RESTRUCTURING GAMES 3.1. Strategic Behavior in Sovereign Debt Restructuring: Impact and Policy Responses; Rohan Pitchford and Mark L. J. Wright 3.2. Comments; Federico Weinschelbaum 3.3. Sovereign Debt Restructuring: The Road Ahead; Benu Schneider 3.4. Comments; Fernando Navajas PART IV: DEALING WITH CRISES: INSTRUMENTS AND POLICIES 4.1. Saving the Euro: Self-fulfilling Crisis and the 'Draghi Put'; Marcus Miller 4.2. Comments; Alfredo Schclarek Curutchet 4.3. GDP-Linked Bonds and Sovereign Default; David Barr, Oliver Bush and Alex Pienkowski 4.4. Comments; Enrique Kawamura 4.5. Multiple Choices: Economic Policies in Crisis; Daniel Heymann and Axel Leijonhufvud 4.6. Comments; Jorge Carrera