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Exceptions and Escape Clauses

1974
Escape clauses are a standard feature of commercial treaties. They allow contracting parties, under conditions specified in advance, to derogate from some or all of the obligations contained in these treaties. Escape clauses are usually essential in order to persuade countries to accede to the treaty in the first place. They can be regarded as negative
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Inflation rules with consistent escape clauses

European Economic Review, 1999
Abstract Simple inflation targets may be supplemented with an escape clause to be invoked in case the economy is hit by a major supply shock. In this paper, consistent solutions to the Flood and Isard (1989, IMF Staff Papers, 36, 612–632) escape clause model are derived in the spirit of Lohmann (1990, American Economic Review, 82, 273–286). She shows
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Destabilizing Effects of Exchange-Rate Escape Clauses

1996
This paper studies policy rules with escape clauses, analyzing as an example fixed exchange rate systems that allow member countries the freedom to realign in periods of stress. While well-designed escape-clause rules can raise society's welfare in principle, limited credibility makes it difficult to implement such rules in practice.
Obstfeld, Maurice, Obstfeld, Maurice
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Escape Clauses and the Multi-Fibre Agreement

1980
Those responsible for the liberalisation of international trade, which has made impressive progress since World War II, were well aware of the necessity of establishing an equilibrium between two contradictory constraints. On the one hand, in order to take full advantage of the liberalisation measures, the competitive producer had to have a reasonable ...
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Delirium Fortifications: An Escaping Clause for the Culprit from the Criminal Prosecution

SSRN Electronic Journal, 2020
Insanity Defence, under Section 84 of IPC act as the two-edge of the same sword in which it signifies a sharp tool within the boundary of criminal law for upholding the propaganda to save an alleged or culprit from the severity of the circumstances and accountability of the specific crime.[ii] This particular shield towards the protection of alleged ...
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Provision for Escape Clauses and other Safeguards

1972
“Escape clauses” are an accepted feature of all types of international trade agreement and are an expression of national sovereignty. Following the bitter experience of the 1930s, governments involved in the negotiation of commercial treaties since 1945 have been anxious to retain adequate powers to safeguard their economies from unexpected problems ...
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Choice of Law Resolved by Rules or Presumptions with an Escape Clause

The American Journal of Comparative Law, 1985
Putting into one's written law a binding rule and then authorizing the court to disregard it, if the court does not like the result, is a proposition not everybody may like to take seriously. However, a Government Bill before the Swiss Parliament, the product of several years of study and designed to codify private international law, states in Article ...
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The "Expanded" Trade-Agreements Escape Clause, 1955-61

Journal of Political Economy, 1962
IN THE Trade Agreements Act of 1934 the United States Congress legislated a policy of negotiated tariff reductions. Implicit in this policy, however, was the understanding that tariff concessions should not result in serious injury to domestic industries.
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Escape Clauses for Escaping Default

2023
Rodrigo Ernesto Caputo, Felix Ordonez
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