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Since the early 1980s, patterns of emerging market finance have
changed significantly. Greater integration of capital markets and a
trend toward a greater use of direct lending through bonds has led...
ALTERNATIVE APPROACHES TO SOVEREIGN DEBT RESTRUCTURING
SOVEREIGN DEBT RESTRUCTURING sovereign debt crises debtor country
2008/11/10
Serious gaps exist in the means available to deal with sovereign
debt crises. In recent cases of sovereign default, both the debtor
country and its creditors have paid large costs, in terms of lost ...
INSTITUTIONAL REFORM AND SOVEREIGN DEBT CRISES
INSTITUTIONAL REFORM SOVEREIGN DEBT CRISES International Monetary Fund
2008/11/6
In this brief article, I want to offer some ideas for reforms of the
International Monetary Fund (IMF). This subject is complicated, and
it is very difficult to do justice to in the space available,...