Sovereign debt structure for crisis prevention
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TextPublication details: IMF WashingtonUS 2004Description: vii, 62 pAction note: - 10/11/05 JOYD
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.
10/11/05 JOYD
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