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This paper examines two prominent approaches to design efficient mechanisms for debt renegotiation with dispersed bondholders: debt exchange offers that promise enhanced liquidation rights to a restricted number of tendering bondholders (favored under U.S. law), and collective action clauses...
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demonstrate for the case of Latin America and Russia that our approach indicates default events well in advance of agencies and …
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Russia's foreign debt problems worsened substantially after the financial crisis of 1998. The paper focuses on the key …
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Russia's foreign debt problems worsened substantially after the financial crisis of 1998. The paper focuses on the key …
Persistent link: https://www.econbiz.de/10011476916
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