TITLE

A critique of Sovereign Bankruptcy Initiatives

AUTHOR(S)
Porzecanski, Arturo C.
PUB. DATE
January 2003
SOURCE
Business Economics;Jan2003, Vol. 38 Issue 1, p39
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
9223087

 

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