01786cas a2200253 a 4500 AALejournalIMF008435 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451853001 1018-5941 BD-DhAAL BD-DhAAL Mauro, Paolo. The Corporation of Foreign Bondholders / Paolo Mauro, Yishay Yafeh. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (31 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 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. Mode of access: Internet Yafeh, Yishay. IMF Working Papers; Working Paper ; No. 2003/107 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/107/001.2003.issue-107-en.xml IMF e-Library