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Restructuring Sovereign Debt The Case for Ad Hoc Machinery by Lex Rieffel

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Published by Brookings Institution Press .
Written in English


  • Development economics,
  • Microeconomics,
  • Money & Monetary Policy,
  • Developing countries,
  • Business/Economics,
  • Business & Economics,
  • Business / Economics / Finance,
  • Loans, Foreign,
  • International - Economics,
  • Economic Conditions,
  • Banks & Banking,
  • Industries - General,
  • Debt relief,
  • Debts, External

Book details:

The Physical Object
Number of Pages368
ID Numbers
Open LibraryOL8050276M
ISBN 10081577446X
ISBN 109780815774464

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Restructuring debt in the form of bonds became an issue in the late s in Argentina and several other nations, and the IMF recently proposed a permanent mechanism to deal with that challenge. Access a free summary of Restructuring Sovereign Debt, by Lex Rieffel other business, leadership and nonfiction books on getAbstract.6/10().   Debt restructuring can be carried out by individuals on the brink of insolvency as well, and by countries that are heading for default on sovereign debt. Key Takeaways. Download Citation | Sovereign debt: Genesis - restructuring - litigation | This book provides a thorough legal analysis of sovereign indebtedness, examining four typologies of sovereign debt.

This book provides a thorough legal analysis of sovereign indebtedness, examining four typologies of sovereign debt – bilateral debt, multilateral debt, syndicated debt and bonded debt – in relation to three crucial contexts: genesis, restructuring and litigation. Its treatise-style approach makes. Debt Restructuring. Second Edition. Rodrigo Olivares-Caminal, Alan Kornberg, Sarah Paterson, John Douglas, Randall Guynn, and Dalvinder Singh. The only book to cover bank, corporate and sovereign restructuring in a single volume; Full analysis of the financial crisis and resulting litigation and regulation.   I. INTRODUCTION. The current regime for sovereign debt restructuring 1 emerged in the late twentieth century as the outcome of policy initiatives undertaken by institutions dominated by the Group of Seven (G-7) wealthy nations. 2 Based on a combination of contract law and official intervention by the International Monetary Fund (IMF), sovereign debtors and their creditors have been largely Author: Vassilis Paliouras. Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue its operations.. Replacement of old debt by new debt when not under financial distress is called "refinancing".

approach to sovereign debt restructuring. There is a growing co nsen-sus that the present process for restructuring the debts of a sovereign is more prolonged, more unpredictable and more damaging to the country and its creditors than would be desirable. Exploring ways to improve the sovereign debt restructuring process is a key part of the.   For an excellent discussion of the bond exchange, the potential merits of challenges and of the collective action problem in the context of the exchange see Alexander Metallinos ‘Sovereign debt and debt restructuring: legal, financial and regulatory aspects’, published by Globe Law And Business, Consulting editor, Eugenio A. Bruno, London UN adopts landmark debt resolution on principles for sovereign debt restructuring. New York, 11 September (Bhumika Muchhala) – The United Nations General Assembly adopted a resolution on principles to guide sovereign debt restructuring processes on the afternoon of 10 September. Conclusions.\/span>\"@ en\/a> ; \u00A0\u00A0\u00A0\n schema:description\/a> \" This book provides a thorough legal analysis of sovereign indebtedness, examining four typologies of sovereign debt? bilateral debt, multilateral debt, syndicated debt, and bonded debt? in relation to three crucial contexts: genesis, restructuring, and litigation.