Multilateral Developing-Country Debt Rescheduling Negotiations : A Bargaining-Theoretic.

This paper employs a dynamic bargaining-theoretic framework to analyze multilateral sovereign debt rescheduling negotiations. The analysis illustrates how various factors, such as the debtor's gains from trade and the level of world interest rates, affect the relative bargaining power of variou...

Cijeli opis

Bibliografski detalji
Autor kompanije: International Monetary Fund
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1988.
Serija:IMF Working Papers; Working Paper ; No. 1988/035
Online pristup:Full text available on IMF
LEADER 01759cas a2200241 a 4500
001 AALejournalIMF010116
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451978254 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
110 2 |a International Monetary Fund. 
245 1 0 |a Multilateral Developing-Country Debt Rescheduling Negotiations :   |b A Bargaining-Theoretic. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1988. 
300 |a 1 online resource (16 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper employs a dynamic bargaining-theoretic framework to analyze multilateral sovereign debt rescheduling negotiations. The analysis illustrates how various factors, such as the debtor's gains from trade and the level of world interest rates, affect the relative bargaining power of various parties to a rescheduling agreement. If creditor-country taxpayers have a vested interest in maintaining normal levels of trade with debtor countries, then they can sometimes be bargained into making sidepayments. The benefits from unanticipated creditor-country sidepayments accrue to both lenders and borrowers. But the benefits from perfectly anticipated sidepayments accrue entirely to borrowers. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1988/035 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1988/035/001.1988.issue-035-en.xml  |z IMF e-Library