Series: IMF Policy Discussion Papers
Author(s): Carlo Sdralevich , and Biaggio Bossone
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2002
Keywords: Financial crisis, Crisis resolution, International financial markets, Private sector, Private sector involvement, sovereign debt, debt default, debt, debt sustainability, debt restructuring
The paper discusses key incentive-related issues of the sovereign debt restructuring mechanism recently outlined by the IMF First Deputy Managing Director. The structure of incentives in the mechanism should be con...