Proposed Features Of A Sovereign Debt Restructuring Mechanism
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Proposed Features of a Sovereign Debt Restructuring Mechanism
Author | : International Monetary Fund. Legal Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 30 |
Release | : 2003-12-02 |
Genre | : Business & Economics |
ISBN | : 1498329853 |
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This paper follows up on the Executive Board’s December 2002 discussion of the design of the Sovereign Debt Restructuring Mechanism and seeks to make further progress on the formulation of a concrete proposal for a statutory sovereign debt restructuring mechanism.
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Language: en
Pages: 30
Pages: 30
Type: BOOK - Published: 2003-12-02 - Publisher: International Monetary Fund
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The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and address too little. Though unresolved deb