Debt Defaults and Lessons from a Decade of Crises or Changing the Performance

Debt Defaults and Lessons from a Decade of Crises

Author: Federico Sturzenegger

Choice Outstanding Academic Title, 2007.

The debt crises in emerging market countries over the past decade have given rise to renewed debate about crisis prevention and resolution. In Debt Defaults and Lessons from a Decade of Crises, Federico Sturzenegger and Jeromin Zettelmeyer examine the facts, the economic theory, and the policy implications of sovereign debt crises. They present detailed case histories of the default and debt crises in seven emerging market countries between 1998 and 2005: Russia, Ukraine, Pakistan, Ecuador, Argentina, Moldova, and Uruguay. These accounts are framed with a comprehensive overview of the history, economics, and legal issues involved and a discussion from both domestic and international perspectives of the policy lessons that can be derived from these experiences.

Sturzenegger and Zettelmeyer examine how each crisis developed, what the subsequent restructuring encompassed, and how investors and the defaulting country fared. They discuss the new theoretical thinking on sovereign debt and the ultimate costs entailed, for both debtor countries and private creditors. The policy debate is considered first from the perspective of policymakers in emerging market countries and then in terms of international financial architecture. The authors' surveys of legal and economic issues associated with debt crises, and of the crises themselves, are the most comprehensive to be found in the literature on sovereign debt and default, and their theoretical analysis is detailed and nuanced. The book will be a valuable resource for investors as well as for scholars and policymakers.

Interesting book: Professional C 2008 or SPSS For Dummies

Changing the Performance: A Companion Guide to Arts, Business and Civic Engagement

Author: Julia Rowntre

Changing the Performance: A Companion Guide to Arts, Business and Civic Relations is an inspiring manual for arts practitioners concerned with the relationship between business, the arts and wider society, and particularly those engaged in fundraising.

Julia Rowntree gives a fascinating account of her experiences forging the business sponsorship campaign at the London International Festival of Theatre (LIFT). Faced with a funding crisis in the early 1990s, LIFT responded with a radical experiment in business arts relations - the LIFT Business Arts Forum - in which young students and people from private and public sectors are invited to attend the theatre together and imagine how they might do their work differently as a result of this shared experience.

This book proposes that fundraising for the arts is much more than simply a function for generating income. It fulfills an ancient social role of connection across levels of power, expertise, culture, gender and generation. Rowntreedescribes why these dynamics are vital to society's ability to adapt. Raising intriguing questions about common ground between artistic, social and commercial innovation, this book offers a new model for the theory and practice of financing the arts.

What People Are Saying

Janet Suzman
...invaluable as a record of the painstaking preparation behind LIFT's work, and useful too as a handbook on funding and sponsorship. (Janet Suzman, Actress)

Table of Contents:

Pt. 1	Opening a window on the world : the London International Festival of Theatre	11
1	Starting by not knowing	13
2	LIFT learns the language of business	25
3	Finessing the rules of engagement	38
4	Rediscovering civil society amid the market and the state	59
5	Enter young theatre-makers	87
Pt. 2	Strategic conversations	101
6	Bleached bones and starting again	103
7	Giving birth to the LIFT Business Arts Forum	126
8	Taking steps into the world of organizations	139
Pt. 3	Imagining a cultural commons	165
9	Collective learning	175
10	Crafting a new discourse - experiments and evolution	183
11	Overstepping the market	214
12	Inventive societies begin on our doorstep	230
App. 1	Timeline of LIFT, the Business Arts Forum and world events
App. 2	Summary of productions seen by Business Arts Forum members in LIFT '95
App. 3	Key LIFT adaptations re sponsorship and Business Arts Forum