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Over the last ten years, organisations such as the IMF have launched several initiatives to change market practice with respect to sovereign bond contract drafting to ease restructuring after defaults. The first of these, the universal adoption of collective action clauses, was embraced by the...
Persistent link: https://www.econbiz.de/10009370843
Sovereign bonds are notoriously hard to enforce. What little rights bondholders have can be vested either collectively or individually. It seems that investors, particularly in the US market, traditionally had a preference for the latter, which hindered financial market reform projects, such as...
Persistent link: https://www.econbiz.de/10005836324
In the debate on strengthening the international financial architecture, which peaked in 2002 after a series of emerging market sovereign debt crises, the universal adoption of collective action clauses (CACs) was the most promising reform proposal. Academics and the official sector had been...
Persistent link: https://www.econbiz.de/10005837136
In the debate on strengthening the international financial architecture, which peaked in 2002 after a series of emerging market sovereign debt crises, the universal adoption of collective action clauses (CACs) was the most promising reform proposal. Academics and the official sector had been...
Persistent link: https://www.econbiz.de/10008576763
Over the last ten years, institutions such as the IMF have launched several initiatives to change market practice with respect to sovereign bond contract drafting in order to ease restructuring after defaults. The first of these, the universal adoption of collective action clauses, was embraced...
Persistent link: https://www.econbiz.de/10008633340
Persistent link: https://www.econbiz.de/10008328644
Persistent link: https://www.econbiz.de/10010044895
To continue balancing supply and demand for power is a growing challenge on Germany’s path to producing 80% of its electricity from renewable resources by 2050. Large-scale investment into a range of technologies will be required to provide the flexibility necessary for balancing. This paper...
Persistent link: https://www.econbiz.de/10014159826
German Abstract: Die Integration großer Mengen fluktuierender erneuerbarer Energie in das deutsche Stromversorgungssystem kann nur gelingen, wenn mehr in flexible Kapazitäten investiert wird um die Schwankungen der Erneuerbaren aufzufangen. Dazu gehören Stromspeicher, flexible Erzeugung oder...
Persistent link: https://www.econbiz.de/10013026269
Over the last ten years, institutions such as the IMF have launched several initiatives to change market practice with respect to sovereign bond contract drafting in order to ease restructuring after defaults. The first of these, the universal adoption of collective action clauses, was embraced...
Persistent link: https://www.econbiz.de/10013134039