Sovereign debt structure for crisis prevention
Borensztein, Eduardo...[et al]
Sovereign debt structure for crisis prevention - WashingtonUS IMF 2004 - vii, 62 p.
Considers recently developed analytical approaches to improving the structure of sovereign debt using existing debt instruments. Reviews a number of proposals - including the introduction of explicit seniority and GDP-linked instruments - in the sovereign context. Discusses their pros and cons and the related practical challenges.
11.01.01 S7295
Sovereign debt structure for crisis prevention - WashingtonUS IMF 2004 - vii, 62 p.
Considers recently developed analytical approaches to improving the structure of sovereign debt using existing debt instruments. Reviews a number of proposals - including the introduction of explicit seniority and GDP-linked instruments - in the sovereign context. Discusses their pros and cons and the related practical challenges.
11.01.01 S7295