Beneficial" Delays in Debt Restructuring Negotiations"

Beneficial" Delays in Debt Restructuring Negotiations"
Delays in debt restructuring negotiations are widely regarded as inefficient. This paper argues that delays can allow the economy to recover from a crisis, make more resources available for debt settlement, and enable the negotiating parties to enjoy a larger "cake". Within this context, therefore, delays may be "beneficial". This paper explores... READ MORE...

Publication date: February 2008
ISBN 9781451869002
$18.00

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