The New Approach to Sovereign Debt Restructuring : Setting the Incentives Right

Setting the Incentives Right

The New Approach to Sovereign Debt Restructuring : Setting the Incentives Right
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 consistent with the principle of favoring market-oriented, voluntary solutions to financial crises. The paper frames the mechanism in... READ MORE...

Publication date: March 2002
ISBN 9781451973594
$10.00

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