It is easy to say that the International Monetary Fund should not resort to financial rescue for countries in crisis; this is hard to do when there is no alternative. That is where collective action clauses come in. Collective action clauses are designed to facilitate debt restructuring by the principals - borrowers, and lenders - with minimal intervention by international financial institutions. Despite much discussion of this option, there has been...
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INFORMATION
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2000/06/30
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Document de travail de recherche sur les politiques
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WPS2363
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1
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1
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2010/07/01
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Would collective action clauses raise borrowing costs? - an update and additional results
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governing law
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