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Towards a sovereign bankruptcy procedure and greater restraint in IMF crisis lending. An interim assessmen
PSL Quarterly Review
View Archive Info| Field | Value | |
| Title |
Towards a sovereign bankruptcy procedure and greater restraint in IMF crisis lending. An interim assessmen
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| Creator |
Giannini, Curzio
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| Subject |
—
Debt, IMF, Lending F32, F34, F33, O19 |
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| Description |
The paper reviews the area of the international financial architecture relating to sovereign crisis resolution. It is argued that shifting part of the burden of crisis resolution onto creditors may encourage debtor countries to take early action to counter an unsustainable debt path. Collective action clauses, the sovereign debt restructuring mechanism, and ceilings on IMF loans, are all necessary components of a new and better crisis resolution framework. JEL Codes: F32, F34, F33, O19Keywords: Debt, IMF, Lending
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| Publisher |
Economia civile
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| Contributor |
—
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| Date |
2012-04-19
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9894
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| Source |
PSL Quarterly Review; Vol 56, No 225 (2003)
PSL Quarterly Review; Vol 56, No 225 (2003) 2037-3643 ISSN 2037-3635 |
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| Language |
eng
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| Relation |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9894/9776
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| Rights |
Copyright (c) 2016 Curzio Giannini
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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