Bankruptcy Procedures for Sovereigns: A History of Ideas, 1976-2001

This paper describes the evolution of ideas to apply bankruptcy reorganization principles to sovereign debt crises. Our focus is on policy proposals between the late 1970s and Anne Krueger''s (2001) proposed ""Sovereign Debt-Restructuring Mechanism,"" with brief referen...

Full description

Saved in:
Bibliographic Details
Main Author: Zettelmeyer, Jeromin (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 2002
Series:IMF Working Papers Working Paper No. 02/133
Online Access:UBW01
UEI01
LCO01
SBR01
UER01
SBG01
UBG01
FAN01
UBT01
FKE01
UBY01
UBA01
FLA01
UBM01
UPA01
UBR01
FHA01
FNU01
BSB01
TUM01
Volltext
Summary:This paper describes the evolution of ideas to apply bankruptcy reorganization principles to sovereign debt crises. Our focus is on policy proposals between the late 1970s and Anne Krueger''s (2001) proposed ""Sovereign Debt-Restructuring Mechanism,"" with brief reference to the economics literature on sovereign debt. We describe the perceived inefficiencies that motivate proposals, and how proposals seek to change debtor and creditor incentives. We find that there has been a moving concensus on what constitutes the underlying problem, but not on how to fix it. The range of proposed approaches remains broad and only recently shows some signs of narrowing
Physical Description:1 Online-Ressource (46 p)
ISBN:1451855508
9781451855500

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Get full text