Toward a Statutory Approach to Sovereign Debt Restructuring: Lessons from Corporate Bankruptcy Practice Around the World

Bolton, Patrick
September 2003
IMF Staff Papers;2003 Special Issue, Vol. 50, p41
Academic Journal
Provides an overview of key elements of corporate bankruptcy codes and practice around the world that are relevant to the debate on sovereign debt restructuring. Components common to most bankruptcy reorganization institutions; Differences between corporations and sovereign states; Statutory approach to sovereign debt restructuring; Role of the International Monetary Fund.


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