A Delicate Equilibrium : Debt Relief and Default Penalties in an International Context.

Debt relief and penalties are discussed in connection with sovereign-country loans. We focus on conditions for the existence of penalties that are too low for ensuring Pareto efficiency, and show the possible time inconsistency of optimal debt contracts. A methodology for ascertaining debt relief im...

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書目詳細資料
企業作者: International Monetary Fund
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 1989.
叢編:IMF Working Papers; Working Paper ; No. 1989/010
在線閱讀:Full text available on IMF
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245 1 2 |a A Delicate Equilibrium :   |b Debt Relief and Default Penalties in an International Context. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1989. 
300 |a 1 online resource (28 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 Debt relief and penalties are discussed in connection with sovereign-country loans. We focus on conditions for the existence of penalties that are too low for ensuring Pareto efficiency, and show the possible time inconsistency of optimal debt contracts. A methodology for ascertaining debt relief implicit in international loans is outlined. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1989/010 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1989/010/001.1989.issue-010-en.xml  |z IMF e-Library