optimal to prioritise the rights of holdout creditors during litigation so that they are always paid in full. We clarify how …

standstill also implies capital losses for creditors of between 9% and 27%, which is consistent with their reluctance to … standstill with haircuts could reduce creditors' losses and simultaneously increase welfare gains. Our results cast doubts on the …

optimal to prioritise the rights of holdout creditors during litigation so that they are always paid in full. We clarify how …

creditors in 2012 was a “unique and exceptional” event, never, ever to be repeated in any other Eurozone country. Maybe so. But … by the problem of non-participating creditors -- holdouts. Indeed, it is the undisguised fear of holdouts and the … creditors of Eurozone countries receiving bailouts (the belated Greek restructuring being the sole exception).This article …