Bankruptcy procedures for sovereign :
Rogoff, Kenneth, 1953-
Bankruptcy procedures for sovereign : a history of ideas, 1976-2001 / Kenneth Rogoff and Jeromin Zettelmeyer. - Washington, D.C. : International Monetary Fund, 2002 - 44 p. - IMF working paper ; no. 02/133 .
Bibliografía: p. 35-44.
This paper describes the evolution of ideas to apply bankruptcy reorganization principles to sovereign debt crises. Our focus is on policy proposals between the late 1970s and Anne Krueger's (2001) proposed "Sovereign Debt-Restructuring Mechanism," with brief reference to the economics literature on sovereign debt. We describe the perceived inefficiencies that motivate proposals, and how proposals seek to change debtor and creditor incentives. We find that there has been a moving concensus on what constitutes the underlying problem, but not on how to fix it. The range of proposed approaches remains broad and only recently shows some signs of narrowing.
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REESTRUCTURACION DE LA DEUDA
336.3435
Bankruptcy procedures for sovereign : a history of ideas, 1976-2001 / Kenneth Rogoff and Jeromin Zettelmeyer. - Washington, D.C. : International Monetary Fund, 2002 - 44 p. - IMF working paper ; no. 02/133 .
Bibliografía: p. 35-44.
This paper describes the evolution of ideas to apply bankruptcy reorganization principles to sovereign debt crises. Our focus is on policy proposals between the late 1970s and Anne Krueger's (2001) proposed "Sovereign Debt-Restructuring Mechanism," with brief reference to the economics literature on sovereign debt. We describe the perceived inefficiencies that motivate proposals, and how proposals seek to change debtor and creditor incentives. We find that there has been a moving concensus on what constitutes the underlying problem, but not on how to fix it. The range of proposed approaches remains broad and only recently shows some signs of narrowing.
CRISIS FINANCIERA
REPROGRAMACION DE LA DEUDA
QUIEBRA
REESTRUCTURACION DE LA DEUDA
336.3435