Series: IMF Working Papers
Author(s): Ashoka Mody
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2004
Keywords: Commitment-Discretion Trade-Off, bonds, exchange rate, bond, exchange rate regimes, bond contracts,
As developing economies become richer, they seek to contract with the global economy in increasingly complex ways. Dealing with that complexity often implies the need to renegotiate contracts. However, such recontr...