Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/230327
Authors: 
Gulati, Mitu
Panizza, Ugo
Year of Publication: 
2020
Series/Report no.: 
Graduate Institute of International and Development Studies Working Paper No. 02-2020
Abstract: 
The doctrine of state succession requires that governments honor the international commitments of their predecessors. Even if a dictator borrows to oppress his own citizens, future generations are required to service the debts and commitments contracted by the dictator. This paper starts by briefly describing possible exceptions to this doctrine by focusing on war and hostile debts. Next, the paper reviews the literature on odious debt and discusses two proposals that could address this issue by using domestic legal principles.
Subjects: 
Odious Debt
Sovereign Default Sovereign Debt
JEL: 
G15
H63
K34
O54
Document Type: 
Working Paper

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