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Source: A New Approach to Sovereign Debt Restructuring
Series: Pamphlet Series
Author(s): Anne Krueger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 April 2002
ISBN: 9781589061217
Keywords: debt restructuring, sovereign debt, sovereign debt restructuring, sovereign bonds, claims
In recent years there has been extensive discussion inside and outside the IMF on the need to develop a new approach to sovereign debt restructuring. Exploring ways to improve the sovereign debt restructuring proce...
Front Matter »
Source: A New Approach to Sovereign Debt Restructuring
Series: Pamphlet Series
Author(s): Anne Krueger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 April 2002
ISBN: 9781589061217
Keywords: debt restructuring, sovereign debt, sovereign debt restructuring, sovereign bonds, claims
In recent years there has been extensive discussion inside and outside the IMF on the need to develop a new approach to sovereign debt restructuring. Exploring ways to improve the sovereign debt restructuring proce...
Conclusion »
Source: A New Approach to Sovereign Debt Restructuring
Series: Pamphlet Series
Author(s): Anne Krueger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 April 2002
ISBN: 9781589061217
Keywords: debt restructuring, sovereign debt, sovereign debt restructuring, sovereign bonds, claims
The absence of a robust legal framework for sovereign debt restructuring generates important costs. Sovereigns with unsustainable debts often wait too long before they seek a restructuring, leaving both thei...
Core Features of a Sovereign Debt Restructuring Mechanism »
Source: A New Approach to Sovereign Debt Restructuring
Series: Pamphlet Series
Author(s): Anne Krueger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 April 2002
ISBN: 9781589061217
Keywords: debt restructuring, sovereign debt, sovereign debt restructuring, sovereign bonds, claims
What features of a legal framework would need to be in place in order to establish adequate incentives for debtors and creditors to agree upon a prompt, orderly, and predictable restructuring of unsustainabl...
The Legal Basis for a Sovereign Debt Restructuring Mechanism »
Source: A New Approach to Sovereign Debt Restructuring
Series: Pamphlet Series
Author(s): Anne Krueger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 April 2002
ISBN: 9781589061217
Keywords: debt restructuring, sovereign debt, sovereign debt restructuring, sovereign bonds, claims
As discussed above, there would be a number of benefits in designing a mechanism where the decision-making process resembles features of the collective action clauses found in international sovereign bonds....
The Need for a Sovereign Debt Restructuring Mechanism »
Source: A New Approach to Sovereign Debt Restructuring
Series: Pamphlet Series
Author(s): Anne Krueger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 April 2002
ISBN: 9781589061217
Keywords: debt restructuring, sovereign debt, sovereign debt restructuring, sovereign bonds, claims
The Objective The objective of an SDRM is to facilitate the orderly, predictable, and rapid restructuring of unsustainable sovereign debt, while protecting asset values and creditors...
A New Approach to Sovereign Debt Restructuring »
Source: A New Approach to Sovereign Debt Restructuring
Series: Pamphlet Series
Author(s): Anne Krueger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 April 2002
ISBN: 9781589061217
Keywords: debt restructuring, sovereign debt, sovereign debt restructuring, sovereign bonds, claims
Greater integration of capital markets and the shift from syndicated bank loans to traded securities have had a profound impact on the way that emerging market sovereigns finance themselves. Sovereigns incre...
A New Approach to Sovereign Debt Restructuring »
Series: Pamphlet Series
Author(s): Anne Krueger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 April 2002
DOI: http://dx.doi.org/10.5089/9781589061217.054
ISBN: 9781589061217
Keywords: debt restructuring, sovereign debt, sovereign debt restructuring, sovereign bonds, claims
In recent years there has been extensive discussion inside and outside the IMF on the need to develop a new approach to sovereign debt restructuring. Exploring ways to improve the sovereign debt restructuring proce...
The Role of the IMF »
Source: A New Approach to Sovereign Debt Restructuring
Series: Pamphlet Series
Author(s): Anne Krueger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 April 2002
ISBN: 9781589061217
Keywords: debt restructuring, sovereign debt, sovereign debt restructuring, sovereign bonds, claims
If appropriately designed and implemented, a sovereign debt restructuring framework would assist in achieving the IMF’s purposes in a number of respects. First, if such a framework facilitates an early restr...
Asistencia técnica en materia de banca central »
Source: Servicios de asistencia técnica y de capacitación del Fondo Monetario Internacional
Series: Pamphlet Series
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 September 1985
Language: Spanish
ISBN: 9781451970234
Prácticamente desde que comenzó a funcionar, el Fondo ha ofrecido asistencia técnica en materia de banca central y cuestiones conexas a los países miembros que han demostrado necesitarla. La demanda de esta...