The Corporation of Foreign Bondholders:
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Bibliographic Details
Main Author: Mauro, Paolo (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 2003
Series:IMF Working Papers Working Paper No. 03/107
Links:http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
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http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
http://elibrary.imf.org/view/IMF001/06854-9781451853001/06854-9781451853001/06854-9781451853001.xml
Abstract:This paper analyzes the Corporation of Foreign Bondholders (CFB), an association of British investors holding bonds issued by foreign governments. The CFB played a key role during the heyday of international bond finance, 1870-1913, and in the aftermath of the defaults of the 1930s. It fostered coordination among creditors, especially in cases of default, arranging successfully for many important debt restructurings, though failing persistently in a few cases. While a revamped creditor association might once again help facilitate creditor coordination, the relative appeal of defection over coordination is greater today than it was in the past. The CFB may have had an easier time than any comparable body would have today
Physical Description:1 Online-Ressource (31 p)
ISBN:1451853009
9781451853001