FALÊNCIA SOBERANA: UMA HERESIA DESDE DENTRO
DOI:
https://doi.org/10.5380/re.v29i0.1998Keywords:
falência soberana, crises financeiras, arquitetura do sistema financeiro internacional, liberalização financeira, Sovereign debt, financial crises, international financial architecture, financial liberalization.Abstract
A recorrência das crises financeiras, especialmente a partir da crise asiática de 1997-1998, determinou a emergência de um amplo debate e de um conjunto de ações políticas visando à reforma da arquitetura do sistema financeiro internacional. O presente artigo enfoca, dentro deste marco mais geral, a questão da falência soberana. A proposta lançada por Anne Krueger de se discutir a conformação de um arcabouço institucional capaz de ordenar os processos de reestruturação das dívidas de países potencialmente em crise sugere que as reformas de primeira geração já estão sendo consideradas insuficientes no núcleo duro do establishment oficial.
Abstract
The recurrence of financial crises, particularly after the Asian meltdown (1997-1998), determined the emergence of an intense debate and new policies concerning the international financial architecture. In this context, this paper discuss the recent Anne Kruegers approach to sovereign debt restructuring. We suggest that this new approach reveals that the first generation reforms seem to be already insufficient, even for the hardcore of the official establishment.
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