The New Approach To Sovereign Debt Restructuring
Download and Read The New Approach To Sovereign Debt Restructuring full books in PDF, ePUB, and Kindle. Read online free The New Approach To Sovereign Debt Restructuring ebook anywhere anytime directly on your device. We cannot guarantee that every ebooks is available!
The New Approach to Sovereign Debt Restructuring
Author | : Mr.Biaggio Bossone |
Publisher | : International Monetary Fund |
Total Pages | : 27 |
Release | : 2002-03-01 |
Genre | : Business & Economics |
ISBN | : 1451973594 |
Download The New Approach to Sovereign Debt Restructuring Book in PDF, Epub and Kindle
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 the context of involving the private sector in financial crisis resolution (PSI), and identifies the conditions for setting up an appropriate incentive structure. The paper explores issues relating to the functioning of the mechanism, including access policy on IMF resources; the power to activate the mechanism; its relation with intermediate PSI instruments; and its impact on investment in emerging markets.
The New Approach to Sovereign Debt Restructuring Related Books
Pages: 27
Pages: 54
Pages: 30
Pages: 307
Pages: 128