Download and Read Structuring And Restructuring Sovereign Debt full books in PDF, ePUB, and Kindle. Read online free Structuring And Restructuring Sovereign Debt ebook anywhere anytime directly on your device. We cannot guarantee that every ebooks is available!
Download Structuring and Restructuring Sovereign Debt Book in PDF, Epub and Kindle
In an environment characterized by weak contractual enforcement, sovereign lenders can enhance the likelihood of repayment by making their claims more difficult to restructure ex post. We show however, that competition for repayment among lenders may result in a sovereign debt that is excessively difficult to restructure in equilibrium. This inefficiency may be alleviated by a suitably designed bankruptcy regime that facilitates debt restructuring.
Structuring and Restructuring Sovereign Debt Related Books
In an environment characterized by weak contractual enforcement, sovereign lenders can enhance the likelihood of repayment by making their claims more difficult
In an environment characterized by weak contractual enforcement, sovereign lenders can enhance the likelihood of repayment by making their claims more difficult
This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first comple
In an environment characterized by weak contractual enforcement, sovereign lenders can enhance the likelihood of repayment by making their claims more difficult