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Restructuring sovereign debt : the case for ad hoc machinery /

"When developing countries began experiencing debt problems in the late 1960s, the Paris Club took shape as "ad hoc machinery" to restructure debt from export credit agencies. A decade later the London Club process emerged to handle workouts of commercial bank debt. Restructuring debt...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Rieffel, Lex
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : Brookings Institution Press, ©2003.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Sovereign default in the Bretton Woods era
  • Fundamental concepts
  • The main players
  • Fundamental issues
  • The Paris Club
  • The Bank Advisory Committee (London Club) Process
  • The North-South dialogue in the 1970s
  • The debt crisis of the 1980s and the Brady Plan solution
  • The HIPC Initiative in the 1990s
  • The post-1994 crises and the role of bonds
  • The debate over private sector involvement, 1995-2002
  • What is broken? What fixes make sense?
  • "Countries don't go bankrupt"
  • Five milestone cases.