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Here you find the publications
on Fair and Transparent Arbitration which erlassjahr.de has
been able to translate into English. Some of the documents are only for download.
For more English information please visit one of the following internet
sites:
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Feb. 2006
Development in the Face of External Shocks
State intervention in a market – or state action for a market?
This paper attempts an analysis of existing instruments against external
shocks that are available to developing countries. It aims at the
identification of policy options developing countries and the International
Community ought to pursue. These include the improvement of existing
instruments as well as the establishment of new ones. Special emphasis is
given to possible market-based instruments that might be of use.
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Dec. 5th 2005
Shockingly weak Shock-Facility for the Weak
Analysis of the new IMF-Exogenous Shocks Facility (ESF)
On Wednesday, November 23rd, the IMF was to approve the “Exogenous Shocks Facility”(ESF).
It will become effective once the G8-debt cancellation, by now called “Multilateral Debt Relief
Initiative (MDRI)”, is officially implemented. This facility outlined by the IMF provides loans to
countries hit by an external shock such as a natural disaster or a Terms-of-Trade-Shock. Such
an instrument is possibly very useful in smoothing the negative impacts of such shocks. Hence,
the IMF was expected to introduce a successor to the old compensation facility CCF that had not
been used since 2000. |
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March 2005
How the fox keeps the geese
The World Bank and the IMF as experts in debt negotiations
[rtf-document]
The World Bank and the IMF are not only important creditors to many countries in the South. Beside their role as sources of lending they play another one, which is equally essential for countries, that depend on foreign capital inflows: They act as “independent experts”, when it comes to negotiations after a country has become unable to service its obligations on schedule.
This article analyses the record of the two Washington based institutions with regard to that latter role... |
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August 2004
100% Debt Cancellation for the Poorest Countries?
[rtf-document]
Critical Discussion of the Approach, its Implications and Possible Alternatives
Some Debt Campaigns have raised the demand for 100% cancellation for the poorest countries. The erlassjahr.de working paper demonstrates that this demand implies some quite problematic consequences. A sustainable solution to the current debt crisis will require a redefinition of international debtor creditor relations rather than a pre-defined relief quota.
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Paper presented by WiSoTren, University of Bayreuth
Alternative Approach for Calculating and Achieving a Sustainable Debt Level
of HIPC-Countries
The BOTOS-Approach proposed in this paper is a direct response to the new operational framework for debt sustainability recently published by the World Bank and IMF ...
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erlassjahr.de working paper April 2004
Heads in the sand: IMF and World Bank suggest new approach to debt sustainability
At the the recent Spring Meetings of the IMF and the World Bank governors have discussed a new approach to debt sustainability. The erlassjahr.de paper shows that crucial issues have met with no progress.
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March 2004
Odious
Debts? International Claims on Iraq [pdf-File]
A recent FES study written by Jürgen Kaiser and Antje Queck from erlassjahr.de argues that Iraq is a case for applying the “odious debt doctrine” and calls into question the legitimacy of the claims on Iraq.
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Jan. 2004
DMFAS conference in Geneva
The report on the DMFAS conference in Geneva end of last year with
a presentation by Kunibert Raffer on the FTAP concept is now online
available at:
http://r0.unctad.org/dmfas/meetings1103.htm
DMFAS is the debt managment unit of the UN. They are developing
technical tools in the area and supporting debtor governments in
that field.
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08. Jan. 2004
FTAP - II: More arguments and counterarguments
It would be naïve to assume that shifting the one-sided decision
making power to the debtor would produce less absurd outcomes. A
just solution will under any circumstances require impartial decision
making.
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erlassjahr.de working paper November 2003
Zambia in the HIPC-Initiative - State of the Art in November 2003
Zambia is one of the countries to receive substantial relief under
the Cologne debt initiative". In reality, however, the country will
face an unsustainable debt service at least until 2006.
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13. März 2003
Report
on the activities on the 50th anniversary of the London Debt Agreement
1953
What happened Internationally? What took place in Germany? What
reactions did we receive?
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Feb. 2003
FTAP
working against debtor countries? - Some remarks on counterarguments
raised by those who are to benefit
Some emerging market governments fear that a fair and transparent
debt relief could actually obstruct their access to international
credit markets. This, however, does neither seem logical nor in
line with historical experience.
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Feb. 2003
Debts
are not Destiny
50th Anniversary of the London Debt Agreement.
Action and Information
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14. Feb. 2003
A
breeze of fresh air into the SDRM debate: the Trichet proposal
A proposal by the French Central Bank for a new debt relief mechanism
is the first to explicitly recognize from the creditors's side that
arbitration can be an essential instrument for dispute resolution.
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21. Jan. 2003
Little
common ground left: The SDRM draft-proposal from an FTAP perspective
The latest proposal by the IMF staff for their Sovereign debt Restructuring
Mechanism (SDRM) has reduced the common ground between the Fund
and NGOs to square inches.
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29. Nov. 2002
Firmly
on the wrong path: SDRM after the Annual Meetings 2002
Seit der Grundsatzentscheidung, bei der Frühjahrstagung einen abstimmungsfähigen
Vorschlag für ein Internationales Insolvenzverfahren vorzulegen, hat
der IWF sich drei Mal zu den Inhalten dieses Vorschlags geäußert.
Verbesserungen des fehlerbehafteten SDRM-Konzepts sind kaum zu erkennen.
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01. Aug. 2002
Is there a future for Indonesia without the IMF?
The author analyses Indonesia's financial political reaction to the
Asian crises in 98, the role of the IMF and Indonesia's possibilities
to go for alternative solutions in 2004 instead of renewed negociations
with the Paris Club.
Der Autor analysiert die finanzpolitische Reaktion Indonesiens
auf die Aienkrise 98, die Rolle des IWF und die Möglichkeiten Indonesiens,
anstatt 2004 erneut mit dem Pariser Club zu verhandeln, alternative
Lösungen durchzusetzen.
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Juli 2002
erlassjahr.de:
Position paper on the concept of a Fair and Transparent Arbitration
Process (FTAP)
The following is a position paper by the German Jubilee network erlassjahr.de.
It is a work in progress, which means it reflects the thinking within
the network at the date indicated. Commentaries are welcome.
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11. Juni 2002
No way, IMF!
Short commentary on Anne Krueger’s proposal for the Dispute Resolution
Mechanis
Up to now the IMF proposal for a Sovereign Debt Restructuring Mechanism
(SDRM) was vague. The IMF now sharpened its position and it becomes
clear that it is less about solving debt problems but rather about
strengthening the IMF's institutional interests.
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05. Juni 2002
SDRM or FTAP:
Comment on Ms. Krueger’s first comprehensive proposal for a new debt
restructuring mechanism – april 2002
by Jürgen Kaiser, erlassjahr.de
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07. Feb. 2002
Anne Krueger has made her third public statement
On Jan. 21st IMF Vice-Director Anne Krueger has made her third public
statement on the new framework proposed by the Fund for future orderly
debt workouts at a Dinner in Melbourne.
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20. Jan. 2002
The IMF keeps moving – though on sticky soles.
After her widely regarded statement on the need for an international
insolvency framework by end-november, IMF vice-director Anne Krueger
has struck again. On Dec. 20th she responded to some critical reactions
to her first statement during a conference in India.
This text evaluates and comments the new or clarified elements of
the “Krueger concept”, which admittedly is not a real concept yet,
but a slowly emerging idea of a new framework. Therefore this text
needs to be read in the context of the comments on her first statement.
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15. Jan. 2002
International Insolvency/Arbitration:
Arguments and Counterarguments
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15. Jan. 2002
“A fair and transparent arbitration process
for indebted southern countries”
updated submission by erlassjahr.de to FfD, sept. 01
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10. Dez. 2001
The IMFs and erlassjahr.de's views on an
international insolvency procedure: a synopsis
Where do they agree and where do their views differ and to which degree?
The paper gives a clear overview in table.
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19. Sept. 2001
A
few Remarks on the "Debt" Chapter and FTAP in the Escanero Report
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20. Dez. 2000
A fair Arbitrationprocess for Indebted Southern
Countries
This paper is erlassjahr.de's input for the Financing for Development
Process of the UN-Conference in Monterrey (Mexico) in March 2002.
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20. Dez. 2000
Arguments and Counterarguments
You will find answers and explanations why frequently made objections
to the proposal of a Fair and Transparent Arbitration Process for
indebted countries are not valid.
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Juni 2000
The 1953 London Agreement - Lessons for
New Trade and Debt Policies between Debtors and Creditors
(by Phillip Hersel)
The debt of post World War II Germany was brought down to sustainable
levels through negociations between the country and its creditors.
The remaining debt service was payable through balance of payment
surplus - very different from what happens today.
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