Determinants of complexity of sovereign debt negotiation

• Authors: Mesjasz Lidia , Mesjasz Czesław
• Languages of publication: EN

Abstracts

EN

The situation on all kinds of financial markets is determined by their increasing complexity. Negotiation of sovereign debt is also a complex endeavor. Its complexity results both from structural characteristics – number of actors, problems of coordination, communication, cooperation and conflict and from cognitive limitations. The survey of literature on sovereign debt management shows that no research has been done on complexity of sovereign debt management, and sovereign debt negotiation in particular. The aim of the paper is to provide initial framework concepts of complexity of sovereign debt restructuring negotiation referring to a universal collection of characteristics of negotiation. A model of debt restructuring negotiation is elaborated and a set of its complexity- related characteristics is proposed.

Keywords

EN

Complexity studies; Negotiation theory; Sovereign debt negotiation

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Journal of Economics and Management
• Year: 2016
• Volume: 25
• Pages: 63-78

Contributors

author

Mesjasz Lidia

• Department of International Economic Relations. Faculty of Economics and International Relations. Cracow University of Economics

author

Mesjasz Czesław

• Department of Management Process. Faculty of Management. Cracow University of Economics

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Identifiers

ISSN

1732-1948