J. A. Ocampo: International Debt Restructuring Court

"We endorse an idea that many developing countries strongly pushed for after the Asian crisis, and before in different incarnations, which is the idea of an international debt restructuring court. This is an international mechanism by which countries that have difficulties in paying their debts, their external liabilities, can go and do a formal process of restructuring, such as is done by a bankrupt firm in national bankruptcy regimes."
This Carnegie Council event took place on September 21, 2009. For the full video, audio, and transcript, go to http://www.cceia.org

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• international debt
• developing countries
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• debt crisis
• banking crisis
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