Debt Maturity and the International Financial Architecture:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Jeanne, Olivier (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2004
Schriftenreihe:IMF Working Papers Working Paper No. 04/137
Links:http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
http://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
Abstract:This paper presents a theory of the maturity of international sovereign debt and derives its implications for the reform of the international financial architecture. It presents a general equilibrium model in which the need to roll over external debt disciplines the policies of debtor countries but makes them vulnerable to unwarranted debt crises owing to bad shocks. The paper presents a welfare analysis of several measures that have been discussed in recent debates, such as the adoption of renegotiation-friendly clauses in debt contracts and the establishment of an international bankruptcy regime for sovereigns
Umfang:1 Online-Ressource (33 p)
ISBN:145185594X
9781451855944