The New Approach to Sovereign Debt Restructuring : Setting the Incentives Right /
The paper discusses key incentive-related issues of the sovereign debt restructuring mechanism recently outlined by the IMF First Deputy Managing Director. The structure of incentives in the mechanism should be consistent with the principle of favoring market-oriented, voluntary solutions to financi...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2002.
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| Series: | IMF Policy Discussion Papers; Policy Discussion Paper ;
No. 2002/004 |
| Online Access: | Full text available on IMF |