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Does strengthening collective action clauses (CACs) help?

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Does strengthening collective action clauses (CACs) help?

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Does strengthening collective action clauses (CACs) help?

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The Millennium development goals and sovereign debt write-downs

Ghosal, Sayantan (contributor); … - 2007

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Does strengthening Collective Action Clauses (CACs) help?

Ghosal, Sayantan; Kannika Thampanishvong - In: Journal of international economics 89 (2013) 1, pp. 68-78

Persistent link: https://www.econbiz.de/10009691614

Does Strengthening Collective Action Clauses (CACs) Help?

Ghosal, Sayantan; Thampanishvong, Kannika - 2007

We study the effect of strengthening CACs in a debt rollover model of a sovereign debt crisis. Conditional on default, there are multiple equilibria: the impact of strengthening CACs depends critically on the prevailing equilibrium. For a subset of equilibria, (i) given a fixed number of...

Persistent link: https://www.econbiz.de/10014049846