Bond Restructuring and Moral Hazard : Are Collective Action Clauses Costly? /
Many official groups have endorsed the wider use by emerging market borrowers of contract clauses which allow for a qualified majority of bondholders to restructure repayment terms in the event of financial distress. Some have argued that such clauses will be associated with moral hazard and increas...
| Autor principal: | |
|---|---|
| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2001.
|
| coleção: | IMF Working Papers; Working Paper ;
No. 2001/092 |
| Acesso em linha: | Full text available on IMF |