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Can a Sovereign State Declare Bankruptcy?

. Turkey . The Permanent Court of Arbitration case: Russian Claim for Interest on Indemnities (1912 11 11). Smith, Adam. "Of the Revenue of the Sovereign or Commonwealth (Book Five). Chapter III of Public Debts." (1776) // http://www.adamsmith.org/smith/won-b5-c3-ss7.htm Soederberg, Susanne. "The Transnational Debt Architecture and Emerging Markets: The Politics of Discipline and Punish." Third World Quarterly 26(6) (2005) // http://www.allacademic.com/meta/p_mla_apa_research_citation/0/7/3/0/6/p73064_index

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The Brave New (American) World of International Investment Law: Substantive Investment Protection Standards in Mega-Regionals

instruments and loans” but in a footnote clarifies that “some forms of debt, such as bonds, debentures, and long-term notes, are more likely to have the characteristics of an investment, while other forms of debt, such as claims to payment that are immediately due and result from the sale of goods or services, are less likely to have such characteristics.” In its annex 8-B (Public Debt), CETA limits the application of investment treaty standards in respect of sovereign debt restructurings. also benefit from modification to the general rules that grant additional safeguards

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Investor-State Dispute Settlement and the Future of the Precautionary Principle

Treatment and Most Favoured Nation Status at Annex II (Public Debt) to section 2, paragraph 2, see supra note 27. This paragraph refers to “ Section 1: Liberalisation of Investments”, but the full text of this section is not yet included in this Commission document; a separate document on investment protection is still under negotiation ( see infra note 128). - is very similar to that of CETA, and also makes provision for a bespoke “Tribunal of First Instance” and a “permanent appeal Tribunal” for investor-state dispute settlement. Id . sec. 3 (Resolution of

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Laffer Curves and Home Production

_{T\rightarrow\infty}\bigg(\frac{b_{T+1}}{\prod_{j=1}^{T}(1+r_{j}^{b})}\bigg)=0. \end{array}$$ (17) The no-ponzi condition states that the discounted stream of taxes must equal the current value of outstanding government debt plus stream of government expenditures. Public debt has no specific role in the analysis apart from making the government budget constraint more realistic. It is necessary to have one “adjusting” or endogenous variable in the government budget constraint in order to have a well-behaving system of model equations. Following a standard practice in the literature, when taxes

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