An International Solution to Odious Debt: An Ex Ante Ex Post Analysis

Zusammenfassung

The aim of this Chapter is to determine whether an ex ante approach or an ex post approach would be more suitable to tackle the international problem of odious debt. This chapter does not comment on whether it is actually desirable to have a solution which deals specifically with odious debt. Rather, assuming that such a solution is desired, it addresses the trade offs involved in each approach. Although a wide variety of proposals have been brought forth by the literature, none has specifically addressed the relative advantages and disadvantages of ex ante and ex post approaches in their entirety.