{"id":"https://openalex.org/W2187184663","doi":null,"title":"The New Vulture Culture: Sovereign debt restructuring and trade and investment treaties 1","display_name":"The New Vulture Culture: Sovereign debt restructuring and trade and investment treaties 1","publication_year":2011,"publication_date":"2011-01-01","ids":{"openalex":"https://openalex.org/W2187184663","mag":"2187184663"},"language":"en","primary_location":{"id":"mag:2187184663","doi":null,"is_oa":false,"landing_page_url":"https://www.networkideas.org/working/jul2011/02_2011.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5014968002","display_name":"Kevin P. Gallagher","orcid":"https://orcid.org/0000-0002-1528-2683","observed_orcids":["https://orcid.org/0000-0002-1528-2683","https://orcid.org/0000-0002-0638-2578","https://orcid.org/0000-0002-2714-7841"]},"institutions":[{"id":"https://openalex.org/I111088046","display_name":"Boston University","ror":"https://ror.org/05qwgg493","country_code":"US","type":"education","lineage":["https://openalex.org/I111088046"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Kevin P. Gallagher","raw_affiliation_strings":["Boston Univ"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Boston Univ","institution_ids":["https://openalex.org/I111088046"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5014968002"],"corresponding_institution_ids":["https://openalex.org/I111088046"],"apc_list":null,"apc_paid":null,"fwci":4.2258,"has_fulltext":false,"cited_by_count":28,"citation_normalized_percentile":{"value":0.94944209,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12040","display_name":"International Arbitration and Investment Law","score":0.9101999998092651,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12040","display_name":"International Arbitration and Investment Law","score":0.9101999998092651,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0617000013589859,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12509","display_name":"Corporate Insolvency and Governance","score":0.008700000122189522,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/sovereign-debt-restructuring","display_name":"sovereign debt restructuring","score":0.9990000128746033},{"id":"https://openalex.org/keywords/sovereign-default","display_name":"sovereign default","score":0.8080000281333923},{"id":"https://openalex.org/keywords/international-investment-agreements","display_name":"investment treaties","score":0.7490000128746033},{"id":"https://openalex.org/keywords/trade-agreements","display_name":"trade agreements","score":0.777999997138977},{"id":"https://openalex.org/keywords/private-creditors","display_name":"private creditors","score":0.5830000042915344},{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.859000027179718},{"id":"https://openalex.org/keywords/international-investment-law","display_name":"international investment law","score":0.5289999842643738},{"id":"https://openalex.org/keywords/public-debt","display_name":"public debt","score":0.4440000057220459}],"concepts":[{"id":"https://openalex.org/C45237549","wikidata":"https://www.wikidata.org/wiki/Q1376796","display_name":"Restructuring","level":2,"score":0.6823174953460693},{"id":"https://openalex.org/C2780014084","wikidata":"https://www.wikidata.org/wiki/Q1364290","display_name":"Debt restructuring","level":5,"score":0.661686360836029},{"id":"https://openalex.org/C2780414751","wikidata":"https://www.wikidata.org/wiki/Q157470","display_name":"Debtor","level":4,"score":0.623424768447876},{"id":"https://openalex.org/C69637215","wikidata":"https://www.wikidata.org/wiki/Q702362","display_name":"Default","level":2,"score":0.5879470109939575},{"id":"https://openalex.org/C2778782394","wikidata":"https://www.wikidata.org/wiki/Q1092023","display_name":"Sovereign default","level":5,"score":0.539101243019104},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.509524405002594},{"id":"https://openalex.org/C186229450","wikidata":"https://www.wikidata.org/wiki/Q42008","display_name":"Sovereignty","level":3,"score":0.4305422306060791},{"id":"https://openalex.org/C44171179","wikidata":"https://www.wikidata.org/wiki/Q461319","display_name":"External debt","level":3,"score":0.4248066842556},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.422573059797287},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4199308753013611},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.41916006803512573},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.415036141872406},{"id":"https://openalex.org/C159091798","wikidata":"https://www.wikidata.org/wiki/Q157165","display_name":"Creditor","level":3,"score":0.4137408435344696},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3814132809638977},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2761869430541992},{"id":"https://openalex.org/C2994482091","wikidata":"https://www.wikidata.org/wiki/Q12695","display_name":"Sovereign debt","level":4,"score":0.1558535397052765},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.11084854602813721},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.10041531920433044},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.07328736782073975}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:2187184663","doi":null,"is_oa":false,"landing_page_url":"https://www.networkideas.org/working/jul2011/02_2011.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.6601999998092651,"display_name":"Peace, justice, and strong institutions","id":"https://metadata.un.org/sdg/16"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":27,"referenced_works":["https://openalex.org/W97142983","https://openalex.org/W292078616","https://openalex.org/W577605413","https://openalex.org/W775147076","https://openalex.org/W1207170207","https://openalex.org/W1502281696","https://openalex.org/W1528857264","https://openalex.org/W1579234039","https://openalex.org/W1594723613","https://openalex.org/W1788122024","https://openalex.org/W1804210365","https://openalex.org/W1966971388","https://openalex.org/W2039221588","https://openalex.org/W2051215430","https://openalex.org/W2120159994","https://openalex.org/W2161280218","https://openalex.org/W2183654891","https://openalex.org/W2413311770","https://openalex.org/W2482116584","https://openalex.org/W2498038319","https://openalex.org/W2992433133","https://openalex.org/W3121381103","https://openalex.org/W3124063771","https://openalex.org/W3124203876","https://openalex.org/W3124871777","https://openalex.org/W3125991920","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W2155925071","https://openalex.org/W7097336226","https://openalex.org/W4384930677","https://openalex.org/W2564374710","https://openalex.org/W7095727301","https://openalex.org/W2325768641","https://openalex.org/W7033723707","https://openalex.org/W1566151264","https://openalex.org/W4206227144","https://openalex.org/W2057732978"],"abstract_inverted_index":{"The":[0],"global":[1],"community":[2],"still":[3],"lacks":[4],"a":[5,21,45,83,147],"regime":[6],"for":[7,47],"sovereign":[8,32,48,79,104],"debt":[9,80,105,142],"restructuring.":[10],"But":[11],"it":[12],"has":[13,86],"been":[14],"often":[15,30],"overlooked":[16],"that":[17,39,100,133,154],"the":[18,58,69,101,115,118,126,138,144,159,171],"definition":[19],"of":[20,71,103,110,117,120,146,161,173],"covered":[22],"investment":[23,28,41,62,123],"within":[24],"international":[25,40],"trade":[26,121],"and":[27,73,112,122,168],"agreements":[29,42],"includes":[31],"debt.":[33,96],"There":[34],"is":[35,89,98,130,151],"thus":[36,169],"increasing":[37],"concern":[38],"may":[43,67,136],"become":[44],"\u201ccourt\u201d":[46],"workouts":[49],"by":[50],"default.":[51],"In":[52],"this":[53,55],"context,":[54],"paper":[56],"analyes":[57],"extent":[59],"to":[60,76,91,140,163],"which":[61],"provisions":[63],"in":[64,108,125,143],"various":[65],"treaties":[66,124,135,156],"hinder":[68],"ability":[70,139,160],"nations":[72,162],"private":[74],"creditors":[75],"comprehensively":[77],"negotiate":[78],"restructurings":[81],"when":[82],"debtor":[84],"nation":[85],"defaulted":[87],"or":[88],"close":[90],"default":[92],"on":[93],"its":[94],"government":[95],"It":[97,129,150],"found":[99,132],"treatment":[102],"varies":[106],"considerably":[107],"terms":[109],"strength":[111],"applicability":[113],"across":[114],"spectrum":[116],"thousands":[119],"world":[127],"economy.":[128],"also":[131],"most":[134],"restrict":[137],"restructure":[141],"wake":[145],"financial":[148,166],"crisis.":[149],"therefore":[152],"concluded":[153],"these":[155],"could":[157],"undermine":[158],"recover":[164],"from":[165],"crises":[167],"broaden":[170],"impact":[172],"such":[174]},"counts_by_year":[{"year":2022,"cited_by_count":2},{"year":2020,"cited_by_count":16},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}