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Proposal For A New Regulation Of Speculation In Sovereign Debt, Justin Vanderschuren
Proposal For A New Regulation Of Speculation In Sovereign Debt, Justin Vanderschuren
Fellow, Adjunct, Lecturer, and Research Scholar Works
Over the past few years, several countries have undertaken to regulate the speculation in sovereign debt pursued by so-called “vulture funds.” The various realizations and attempts present a series of loopholes that make a new regulation of this speculation advisable. A proposal for a new regulation, legally justified and precisely framed, is all the more desirable given that some legislators, in particular from the New York State Legislature, have recently taken up the issue of speculation.
Debt sustainability is the only realistic regulation benchmark. It is inconceivable to ban debt purchases on the secondary market as this would significantly impact …