A critique of Sovereign Bankruptcy Initiatives

Porzecanski, Arturo C.
January 2003
Business Economics;Jan2003, Vol. 38 Issue 1, p39
Academic Journal
Discusses proposals issued by the International Monetary Fund and the U.S. Treasury Department designed to make it easier for governments and bondholders to go through a debt-workout process. Official rationale for the proposals; Main disincentives against sovereigns defaulting from their obligations; Information on the underlying problem of sovereign bankruptcy procedures.


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