Structuring and Restructuring Sovereign Debt : The Role of a Bankruptcy Regime /
In an environment characterized by weak contractual enforcement, sovereign lenders can enhance the likelihood of repayment by making their claims more difficult to restructure ex post. We show however, that competition for repayment among lenders may result in a sovereign debt that is excessively di...
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| フォーマット: | 雑誌 |
| 言語: | English |
| 出版事項: |
Washington, D.C. :
International Monetary Fund,
2007.
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| シリーズ: | IMF Working Papers; Working Paper ;
No. 2007/192 |
| オンライン･アクセス: | Full text available on IMF |