Crisis Resolution : Next Steps /

At the April 2003 meeting of the International Monetary and Financial Committees, it was decided to further encourage the contractual approach to smoothing the process of sovereign debt restructuring by encouraging the more widespread use of collective action clauses (CACs) in international bonds. T...

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Bibliographic Details
Main Author: Kletzer, Kenneth
Other Authors: Eichengreen, Barry, Mody, Ashoka
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2003.
Series:IMF Working Papers; Working Paper ; No. 2003/196
Online Access:Full text available on IMF