Rogoff, Kenneth; Zettelmeyer, Jeromin - In: IMF Staff Papers 49 (2002) 3, pp. 8-8
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...
