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E-book
Author Jeanne, Olivier, author

Title Debt maturity and the international financial architecture / prepared by Olivier Jeanne
Published [Washington, D.C.] : International Monetary Fund, [2004]
©2004
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Description 1 online resource (33 pages) : illustrations
Series IMF working paper ; no. WP/04/137
IMF working paper ; WP/04/137
Summary This paper presents a theory of the maturity of international sovereign debt and derives its implications for the reform of the international financial architecture. It presents a general equilibrium model in which the need to roll over external debt disciplines the policies of debtor countries but makes them vulnerable to unwarranted debt crises owing to bad shocks. The paper presents a welfare analysis of several measures that have been discussed in recent debates, such as the adoption of renegotiation-friendly clauses in debt contracts and the establishment of an international bankruptcy regime for sovereigns
Bibliography Includes bibliographical references (pages 30-33)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Capital movements.
Debts, External.
International finance.
International liquidity.
Form Electronic book
Author International Monetary Fund. Research Department, issuing body
ISBN 1282050990
145185594X
1451901070
9781282050990
9781451855944
9781451901078