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This paper reviews commercial bank debt restructuring based on the recent experience of Bulgaria....

A number of developing countries, including some of the largest debtors, have recently completed...

This paper highlights the importance of the role of the domestic tax system in determining the...

The paper analyzes the evolution of Mexico's approach to commercial bank debt restructuring since...

The incentives for domestic investment in debtor countries are influenced by the terms of their...

In an economy with a debt overhang, investment depends on expected tax rates. On the other hand,...