action to counter an unsustainable debt path. Collective action clauses, the sovereign debt restructuring mechanism, and … ceilings on IMF loans, are all necessary components of a new and better crisis resolution framework. …

action to counter an unsustainable debt path. Collective action clauses, the sovereign debt restructuring mechanism, and … ceilings on IMF loans, are all necessary components of a new and better crisis resolution framework. …

, causing sharp falls in investment and output. It is wrong to blame the IMF for these calamitous outcomes. Nevertheless, the … strategy adopted by the IMF for dealing with the Asian crisis was partly responsible for the severity of the crisis. By calling … external debt, including private-sector debt. Standstills must replace massive official financing as the first line of defense …

This paper examines the additional lending decision of a creditor to a sovereign debtor in default. The analysis … incorporates the prevalence of partial default and the amount of inherited debt in default. We show that an increase in additional … lending, L, could increase the probability of repayment of both the loan outstanding and L, thereby increasing the expected …

The processes that led to the default and restructuring of the Argentinean debt constitute the main focus of the paper …. The evolution of the foreign debt in the long run is examined as well as the macroeconomic performance before and after … the crisis. The restructuring proposal and the relationship between Argentina and the IMF are presented. The repercussions …

This paper analyzes the dynamic of the international debt of Heavily Indebted Poor Countries (HIPC), along with the … of the structure of debt and socio-economic development (using 14 variables) of 34 HIPC during the period 198797, using a … multi statistical analysis; b) the second part analyzes the relation between economic development and the structure of debt …

support the development goals contained in the UN's 2000 Millennium Declaration. Debt sustainability analysis currently … that places the implementation of the millenniumdevelopment goals at the centre of debt sustainability by taking a longer …

support the development goals contained in the UN's 2000 Millennium Declaration. Debt sustainability analysis currently … that places the implementation of the millenniumdevelopment goals at the centre of debt sustainability by taking a longer …