It is easy to say that the International Monetary Fund should not resort to financial rescue for countries in crisis; this is hard to do when there is no alternative. That is where collective action clauses come in. Collective action clauses are designed to facilitate debt restructuring by the principals - borrowers, and lenders - with minimal intervention by international financial institutions. Despite much discussion of this option, there has been...
Vea más
INFORMACIÓN
-
2000/06/30
-
Documento de trabajo sobre investigaciones relativas a políticas
-
WPS2363
-
1
-
1
-
2010/07/01
-
Would collective action clauses raise borrowing costs? - an update and additional results
-
governing law