Publication

This paper analyzes questions related to the sovereign debt process. The author examines the main actors in the process and evaluates their primary interests. The author also examines challenges and approaches with regards to the collection of foreign government debts. The paper evaluates the issues in the context of a coherence mechanism among the major creditor governments and organizations of private creditors. The study concludes that work processes during debt related crisis situations are purely ad hoc and feature no conclusive enforcement mechanisms, as there are no international equivalents for sovereign debt, as there are for court-supervised bankruptcies.