01768cas a2200253 a 4500 AALejournalIMF002075 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855500 1018-5941 BD-DhAAL BD-DhAAL Zettelmeyer, Jeromin. Bankruptcy Procedures for Sovereigns : A History of Ideas, 1976-2001 / Jeromin Zettelmeyer, Kenneth Rogoff. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (46 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper describes the evolution of ideas to apply bankruptcy reorganization principles to sovereign debt crises. Our focus is on policy proposals between the late 1970s and Anne Krueger's (2001) proposed "Sovereign Debt-Restructuring Mechanism," with brief reference to the economics literature on sovereign debt. We describe the perceived inefficiencies that motivate proposals, and how proposals seek to change debtor and creditor incentives. We find that there has been a moving concensus on what constitutes the underlying problem, but not on how to fix it. The range of proposed approaches remains broad and only recently shows some signs of narrowing. Mode of access: Internet Rogoff, Kenneth. IMF Working Papers; Working Paper ; No. 2002/133 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/133/001.2002.issue-133-en.xml IMF e-Library