The Problem that Wasn't : Coordination Failures in Sovereign Debt Restructurings /

Contrary to widespread expectation, debt renegotiations in the era of bond finance have generally been quick and involved little litigation. We present a model that rationalizes the initial fears and offers interpretations for why they did not materialize. When the exchange offer is sufficiently att...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Zettelmeyer, Jeromin
مؤلفون آخرون: Bi, Ran, Chamon, Marcos
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2011.
سلاسل:IMF Working Papers; Working Paper ; No. 2011/265
الوصول للمادة أونلاين:Full text available on IMF