Is Dept Relief in the Interests of Creditors?

Nopic
This paper considers a number of reasons-in addition to the "incentives" argument-why debt relief could be to the advantage of creditors collectively. Principal reasons analyzed are based on the "investment-capacity" and the "default-forestalling" arguments. Debt relief is defined as reduction of the present value of the contractual debt. The... READ MORE...

Publication date: August 1988
ISBN 9781451958942
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Publication date: August 1988

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