The workshop will examine the hypothesis that certain fundamental principles of bankruptcy reorganization law can prudently and equitably resoslve the debt restructuring problems of financially troubled municipalities around the world. In that context, Professor Steven Schwarcz of the Law School will present these principles and discuss how they might be applied to Japan's municipal debt crisis as well as to the municipal debt problems of developing nations. Commentary will be provided by Professors Robert Keohane of the Political Science Department and Jacob Vigdor of the Public Policy School, as well as by Stephen M. Wallenstein, Executive Director of the Global Capital Markets Center.
Recorded on December 11, 2000.
Appearing: Professors Steven Schwarcz, Robert Keohane, Jacob Vigdor, and Executive Director Stephen M. Wallenstein.