An edition of Structuring and restructuring sovereign debt (2005)

Structuring and restructuring sovereign debt

the role of seniority

by

Structuring and restructuring sovereign debt
Patrick Bolton, Patrick Bolton
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Last edited by MARC Bot
December 13, 2020 | History
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An edition of Structuring and restructuring sovereign debt (2005)

Structuring and restructuring sovereign debt

the role of seniority

by

"In an environment characterized by weak contractual enforcement, sovereign lenders can enhance the likelihood of repayment by making their claims more difficult to restructure. We show within a simple model how competition for repayment between lenders may result in sovereign debt that is excessively difficult to restructure in equilibrium. Alleviating this inefficiency requires a sovereign debt restructuring mechanism that fulfills some of the functions of corporate bankruptcy regimes, in particular the enforcement of seniority and subordination clauses in debt contracts"--National Bureau of Economic Research web site.

Publish Date
Publisher
National Bureau of Economic Research
Language
English

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Subjects

Debt relief, Econometric models, External Debts, Mathematical models, Public Debts, State bankruptcy
Edition Availability
Cover of: Structuring and restructuring sovereign debt
Structuring and restructuring sovereign debt: the role of a bankruptcy regime
2007, International Monetary Fund, Research Dept.
in English
Cover of: Structuring and restructuring sovereign debt
Structuring and restructuring sovereign debt: the role of seniority
2005, National Bureau of Economic Research
Electronic resource in English
Cover of: Structuring and restructuring sovereign debt
Structuring and restructuring sovereign debt: the role of seniority
2005, National Bureau of Economic Research
in English

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Book Details

Edition Notes

Includes bibliographical references.
Title from PDF file as viewed on 2/1/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.

Published in
Cambridge, MA
Series
NBER working paper series ;, working paper 11071, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 11071.

Classifications

Library of Congress
HB1

The Physical Object

Format
Electronic resource

Edition Identifiers

Open Library
OL3476671M
LCCN
2005616200

Work Identifiers

Work ID
OL5891135W

Source records

Library of Congress MARC record

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History

Download catalog record: RDF / JSON / OPDS | Wikipedia citation
December 13, 2020 Edited by MARC Bot import existing book
July 31, 2012 Edited by VacuumBot Updated format '[electronic resource] :' to 'Electronic resource'
December 12, 2009 Edited by WorkBot link works
October 31, 2008 Edited by ImportBot add URIs from original MARC record
April 1, 2008 Created by an anonymous user Imported from Scriblio MARC record