01904cas a2200277 a 4500 AALejournalIMF012947 230101c9999 xx r poo 0 0eng d 15.00 USD 9781589063778 0251-6365 BD-DhAAL BD-DhAAL Borensztein, Eduardo. Sovereign Debt Structure for Crisis Prevention / Eduardo Borensztein, Olivier Jeanne, Paolo Mauro, Jeromin Zettelmeyer. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (69 pages) Occasional 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 The debate on government debt in the context of possible reforms of the international financial architecture has thus far focused on crisis resolution. This paper seeks to broaden this debate. It asks how government debt could be structured to pursue other objectives, including crisis prevention, international risk-sharing, and facilitating the adjustment of fiscal variables to changes in domestic economic conditions. To that end, the paper considers recently developed analytical approaches to improving sovereign debt structure using existing instruments, and reviews a number of proposals--including the introduction of explicit seniority and GDP-linked instruments--in the sovereign context. Mode of access: Internet Jeanne, Olivier. Mauro, Paolo. Zettelmeyer, Jeromin. Occasional Papers; Occasional Paper ; No. 2005/001 Full text available on IMF http://elibrary.imf.org/view/books/084/06363-9781589063778-en/06363-9781589063778-en-book.xml IMF e-Library