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dc.contributor.author
Bohoslavsky, Juan Pablo Raimundo  
dc.contributor.author
Cantamutto, Francisco J.  
dc.date.available
2024-09-17T11:02:06Z  
dc.date.issued
2024-08  
dc.identifier.citation
Bohoslavsky, Juan Pablo Raimundo; Cantamutto, Francisco J.; A Debtor Countries Club? The Cartagena Consensus reloaded; World Economics Association; Real-World Economics Review; 108; 8-2024; 41-62  
dc.identifier.issn
2055-3668  
dc.identifier.uri
http://hdl.handle.net/11336/244403  
dc.description.abstract
This article addresses both the need for and the complexities involved in the organization of a club of debtor countries in Latin America and the Caribbean. It begins by explaining that sovereign debt crises are originated and managed in an asymmetric international scenario, which helps understand the scant progress that has been made in terms of coordination among debtor countries. This is followed by a description of the collective action problems that a possible coordination of sovereign debtors would entail, and then a description of the historical experiences of coordinated debtor countries -and possible lessons to be learned-, focusing on the efforts made with the so-called Cartagena Consensus. Some coordination efforts made in Africa are also presented. The article describes the current debt situation in the region and postulates that higher levels of coordination among debtor States would be conducive to facilitating the conditions for their development. Finally, it explains why concerted debtor States’ efforts to negotiate with their creditors would challenge neo-liberal paradigms, based on a remarkable asymmetry between sovereigns deeply indebted and going through financial turbulences, and their creditors; as well as on an absolutist view of the principle pacta sunt servanda (“agreements must be kept”) in financial affairs.  
dc.format
application/pdf  
dc.language.iso
eng  
dc.publisher
World Economics Association  
dc.rights
info:eu-repo/semantics/openAccess  
dc.rights.uri
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/  
dc.subject
STATE BORROWERS  
dc.subject
DEBTORS CLUB  
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CARTAGENA  
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COLLECTIVE ACTION PROBLEMS  
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Otras Derecho  
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Derecho  
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CIENCIAS SOCIALES  
dc.title
A Debtor Countries Club? The Cartagena Consensus reloaded  
dc.type
info:eu-repo/semantics/article  
dc.type
info:ar-repo/semantics/artículo  
dc.type
info:eu-repo/semantics/publishedVersion  
dc.date.updated
2024-08-12T13:13:17Z  
dc.journal.number
108  
dc.journal.pagination
41-62  
dc.journal.pais
Reino Unido  
dc.journal.ciudad
Bristol  
dc.description.fil
Fil: Bohoslavsky, Juan Pablo Raimundo. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Patagonia Confluencia; Argentina. Universidad Nacional de Río Negro; Argentina  
dc.description.fil
Fil: Cantamutto, Francisco J.. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional del Sur; Argentina  
dc.journal.title
Real-World Economics Review  
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/https://rwer.wordpress.com/2024/08/01/new-issue-of-rwer-2/