Series: Policy Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 September 2005
Keywords: Collective action clauses, Crisis prevention, Debt restructuring, Financial crisis, Reports to International Monetary and Financial Committee, Financial crises, Domestic debt, International capital markets, Interest rates on loans, external debt service
Describes progress in the inclusion of CACs in international sovereign bonds. Provides an update of efforts to broaden the consensus on the Principles. Reports on developments in recent sovereign debt restructuring...