Hidden Bibliographic Details
| Other authors / contributors: | Jeanne, Olivier, author.
International Monetary Fund. Research Department.
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| ISBN: | 1282391941
9781282391949
1451912099
9781451912098
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| Notes: | Includes bibliographical references (pages 24-26).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | 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.
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| Other form: | Print version: Bolton, Patrick, 1957- Structuring and restructuring sovereign debt. [Washington, D.C.] : International Monetary Fund, Research Dept., ©2007
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| Standard no.: | 10.5089/9781451912098.001
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