Help us start a research agenda!
There are lots of countries with lots of debt. A fair subset of those countries cannot repay those debts. When ordinary debtors default, there is a clear bankruptcy procedure available to workout a restructuring or liquidate the assets of the debtor. This process is run by sovereign states. What happens when these sovereigns themselves go bust? (In)formal institutions like the Paris Club often play a facilitating role. Sometimes the IMF or World Bank can pitch in. Occasionally, the Germans just pay for everything. What’s going on? What should be going on? We don’t know, but we’d like to find out. Help us figure out where to look and what to consider.
Ben Johnson and Amanda Kennard
LEGS, or "Law-Engaged Graduate Students," meets during the academic year to discuss a work in progress by one of our Graduate Associates. Academic papers, dissertation proposals, and dissertation chapters have been presented at these meetings, to an audience of fellow graduate students.
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