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• W1526905656 abstract "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, O19" @default.
• W1526905656 created "2016-06-24" @default.
• W1526905656 creator A5078501621 @default.
• W1526905656 date "2003-06-01" @default.
• W1526905656 modified "2023-09-23" @default.
• W1526905656 title "Towards a sovereign bankruptcy procedure and greater restraint in IMF crisis lending. An interim assessmen" @default.
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• W1526905656 doi "https://doi.org/10.13133/2037-3643/9894" @default.
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