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...
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| Altres autors: | , |
| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2011.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2011/265 |
| Accés en línia: | Full text available on IMF |