This essay describes fundamental flaws in the sovereign debt restructuring regime, but questions the prevailing arguments for sovereign bankruptcy. The author concludes that efficient debt outcomes may well come about without bankruptcy, but that a statutory regime is necessary to achieve sovereign autonomy and political legitimacy.
50 Hous. L. Rev. 1095-1127 (2013 forthcoming)
Scholarly Commons Citation
Gelpern, Anna, "A Skeptic’s Case for Sovereign Bankruptcy" (2013). Georgetown Law Faculty Publications and Other Works. Paper 1282.