Browse

You are looking at 1 - 9 of 9 items :

Clear All
Back Matter

Back 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...

Front Matter

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

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

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

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

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...

A New Approach to Sovereign Debt Restructuring

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...

A New Approach to Sovereign Debt Restructuring

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...

The Role of the IMF

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...