sentences:  Since 2002 he has been Senior Associate of the New Economics Foundation (London), with a winter term (002-03) as visiting Professor at the Centre for the Study of International Institutions (CSI), SOWI Faculty, University of Innsbruck.His articles on Chapter 11 of US Title 11 (Bankruptcy) in the context of the problem of sovereignty created a veritable flood of international reactions.In 1987 Raffer proposed to internationalise the basic features of the US Chapter 9, maintaining that its essential points can be applied to sovereign borrowers immediately and without problems.