A New Approach to Sovereign Debt Restructuring
Debt relief
Foreign Loans
International Monetary Fund
Debtor and creditor
External Debts
International finance
Much has been done to strengthen the architecture of the international financial system in the wake of the emerging market financial crises of the late 1990s, both in terms of crisis prevention and crisis management. But the lack of adequate incentives to ensure the timely and orderly restructuring …
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