Private Bond Restructurings : Lessons for the Case of Sovereign Debtors /

This paper reviews recent experience with both sovereign and private bond restructurings. It also summarizes the literature on private bond restructurings and describes the 'typical' process for a voluntary exchange of new bonds for existing obligations. From this information some conclusi...

Full description

Bibliographic Details
Main Author: Pinon-Farah, Marco
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1996.
Series:IMF Working Papers; Working Paper ; No. 1996/011
Online Access:Full text available on IMF