Name: The Paris Club, 1956-1980. The Emergence of a Third Bretton Woods Sister
SKU: 64812322
Price: 154960.00 CLP
Availability: InStock
Author: Thomas M. Callaghy
ISBN: 9780197839812

portada The Paris Club, 1956-1980. The Emergence of a Third Bretton Woods Sister

The Paris Club, 1956-1980. The Emergence of a Third Bretton Woods Sister

Formato

Libro Físico

Editorial

Oxford University Press Inc

Autor

Thomas M. Callaghy

Año

2026

N° páginas

432

Encuadernación

Tapa Dura

Dimensiones

23.5x15.6 cm

ISBN13

9780197839812

The Paris Club, 1956-1980. The Emergence of a Third Bretton Woods Sister

Thomas M. Callaghy (Autor) · Oxford University Press Inc · Tapa Dura

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Reseña del libro "The Paris Club, 1956-1980. The Emergence of a Third Bretton Woods Sister"

Not long after the 1944 creation of the core Bretton Woods institutions--the World Bank and the International Monetary Fund--another international organization emerged to address the growing issue of sovereign debt: the Paris Club. The creditor-led international mechanism for restructuring developing-country debt was not alone at its genesis. Various creditor forums competed vigorously for dominance until 1980, when the French-led Paris Club came out on top. This book presents a comprehensive examination of the development of the Paris Club from founding to achieving its status as an informal third "Bretton Woods Sister." Drawing from over forty country cases of arduous maneuvering and contentious negotiation, Thomas M. Callaghy details the complex factors that shaped the mechanism's formation, including the geopolitical context, the domestic concerns of the creditor states, and the opposition by debtor states. He shows how, in largely secretive processes, the creditors struggled over restructuring terms, the role of economic conditionality, and the nature of development while also creating agreed norms, rules, and procedures that left them real flexibility. Although China's rise to power on the international stage has reduced the Paris Club's share of multilateral sovereign debt restructuring, it remains a central player, making this book essential reading for scholars of postwar international political economy and the Bretton Woods system.