Sovereign Debt Structure for Crisis Prevention /

The debate on government debt in the context of possible reforms of the international financial architecture has thus far focused on crisis resolution. This paper seeks to broaden this debate. It asks how government debt could be structured to pursue other objectives, including crisis prevention, in...

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Bibliografski detalji
Glavni autor: Borensztein, Eduardo
Daljnji autori: Jeanne, Olivier, Mauro, Paolo, Zettelmeyer, Jeromin
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2005.
Serija:Occasional Papers; Occasional Paper ; No. 2005/001
Online pristup:Full text available on IMF
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100 1 |a Borensztein, Eduardo. 
245 1 0 |a Sovereign Debt Structure for Crisis Prevention /  |c Eduardo Borensztein, Olivier Jeanne, Paolo Mauro, Jeromin Zettelmeyer. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2005. 
300 |a 1 online resource (69 pages) 
490 1 |a Occasional 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 The debate on government debt in the context of possible reforms of the international financial architecture has thus far focused on crisis resolution. This paper seeks to broaden this debate. It asks how government debt could be structured to pursue other objectives, including crisis prevention, international risk-sharing, and facilitating the adjustment of fiscal variables to changes in domestic economic conditions. To that end, the paper considers recently developed analytical approaches to improving sovereign debt structure using existing instruments, and reviews a number of proposals--including the introduction of explicit seniority and GDP-linked instruments--in the sovereign context. 
538 |a Mode of access: Internet 
700 1 |a Jeanne, Olivier. 
700 1 |a Mauro, Paolo. 
700 1 |a Zettelmeyer, Jeromin. 
830 0 |a Occasional Papers; Occasional Paper ;  |v No. 2005/001 
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