Toward a Statutory Approach to Sovereign Debt Restructuring

Toward a Statutory Approach to Sovereign Debt Restructuring
Author :
Publisher : International Monetary Fund
Total Pages : 37
Release :
ISBN-10 : 9781451843026
ISBN-13 : 145184302X
Rating : 4/5 (02X Downloads)

Book Synopsis Toward a Statutory Approach to Sovereign Debt Restructuring by : Mr.Patrick Bolton

Download or read book Toward a Statutory Approach to Sovereign Debt Restructuring written by Mr.Patrick Bolton and published by International Monetary Fund. This book was released on 2003-01-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an overview of key elements of Corporate Bankruptcy Codes and Practice around the world that are relevant to the debate on Sovereign Debt Restructuring. It highlights four components common to most bankruptcy reorganization institutions: a stay on debt collection efforts to prevent a costly run for the assets, broad enforcement of absolute priority, majority voting among creditors on the proposed reorganization plan, and new higher priority financing to keep the firm going while its liabilities are restructured. The paper argues that these components ought to be present in any sovereign debt restructuring procedure.


Toward a Statutory Approach to Sovereign Debt Restructuring Related Books

Toward a Statutory Approach to Sovereign Debt Restructuring
Language: en
Pages: 37
Authors: Mr.Patrick Bolton
Categories: Business & Economics
Type: BOOK - Published: 2003-01-01 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper provides an overview of key elements of Corporate Bankruptcy Codes and Practice around the world that are relevant to the debate on Sovereign Debt Re
The New Approach to Sovereign Debt Restructuring
Language: en
Pages: 29
Authors: Mr. Carlo A. Sdralevich
Categories: Business & Economics
Type: BOOK - Published: 2002-03-01 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

The paper discusses key incentive-related issues of the sovereign debt restructuring mechanism recently outlined by the IMF First Deputy Managing Director. The
Toward a Statutory Approach to Sovereign Debt Restructuring
Language: en
Pages: 35
Authors: Mark R. Stone
Categories:
Type: BOOK - Published: 2003 - Publisher:

DOWNLOAD EBOOK

A New Approach to Sovereign Debt Restructuring
Language: en
Pages: 54
Authors: Anne O. Krueger
Categories: Business & Economics
Type: BOOK - Published: 2002-04-16 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

In recent years there has been extensive discussion inside and outside the IMF on the need to develop a new approach to sovereign debt restructuring. Exploring
Collective Action Clauses and the Restructuring of Sovereign Debt
Language: en
Pages: 280
Authors: Patrick S. Kenadjian
Categories: Law
Type: BOOK - Published: 2013-08-01 - Publisher: Walter de Gruyter

DOWNLOAD EBOOK

The volume contains articles based on presentations given at a conference hosted by the Institute for Law and Finance of Goethe University on October 27, 2011.