Towards a Sovereign Debt Restructuring Mechanism

Spiegel, Mark M.
June 2002
FRBSF Economic Letter;6/28/2002, Vol. 2002 Issue 19, p1
Trade Publication
Examines the debt restructuring mechanism in the U.S. Types of clauses in sovereign bond contracts; Problems with the decentralized approach to collective action problem; Mechanism proposed by the International Monetary Fund.


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