Sovereign Bond Restructuring : Collective Action Clauses and official Crisis Intervention /
This paper compares the restructuring of sovereign bonds with and without collective action clauses. One conclusion is that collective action clauses can allow efficient debt renegotiation in a formal model of sovereign debt renegotiation while unanimity rules offer incentives for opportunistic beha...
| Autor Principal: | |
|---|---|
| Formato: | Revista |
| Idioma: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2003.
|
| Series: | IMF Working Papers; Working Paper ;
No. 2003/134 |
| Acceso en liña: | Full text available on IMF |