Bulletin n. 1/2017
June 2017
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
  • Vassilis Paliouras
    The Right to Restructure Sovereign Debt
    in Journal of International Economic Law , Volume 20, Issue 1 ,  2017 ,  115-136
    This article attempts to delineate the scope of a state right to restructure sovereign debt. It begins by tracing the origin of such a right to state sovereignty and then evaluates the limitations imposed upon it through participation in the International Monetary Fund (IMF). Beyond analyzing the legal position with respect to a state right to restructure sovereign debt, the article stresses the potential tensions between the IMF’s policies relating to sovereign debt restructuring and a normative concept of sovereignty. The article concludes by presenting reform proposals able to alleviate these tensions.
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