The authors review the case for market-based debt reduction and concerted debt reduction. They explain the new menu-based approach to debt reduction and discuss why it may be preferred to market-based and concerted debt reduction. In a review of the five recent debt-reduction agreements, they find that the menu approach indeed achieved debt reduction at substantially lower costs than a comparable market-based operation. By one measure, the five countries...
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INFORMATION
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1992/10/31
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Document de travail de recherche sur les politiques
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WPS995
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1
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1
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2010/07/01
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Disclosed
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Recent experience with commercial bank debt reduction
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Debt and Debt Service Reduction
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