000 02334nam a22004334a 4500
001 WPIEA1372004
003 IMF
005 20190405163255.0
006 m o d
007 cr cn|||||||||
008 020129s2004 dcu o i00 0 eng d
020 _a145185594X :
_c15.00 USD
020 _z9781451855944
022 _a1018-5941
024 7 _a10.5089/9781451855944.001
_2doi
035 _a(IMF)WPIEA1372004
040 _aDcWaIMF
_beng
100 1 _aJeanne, Olivier D.
245 1 0 _aDebt Maturity and the International Financial Architecture
_h[electronic resource] /
_cOlivier Jeanne.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c2004.
300 _a1 online resource (33 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 04/137
520 3 _aThis paper presents a theory of the maturity of international sovereign debt and derives its implications for the reform of the international financial architecture. It presents a general equilibrium model in which the need to roll over external debt disciplines the policies of debtor countries but makes them vulnerable to unwarranted debt crises owing to bad shocks. The paper presents a welfare analysis of several measures that have been discussed in recent debates, such as the adoption of renegotiation-friendly clauses in debt contracts and the establishment of an international bankruptcy regime for sovereigns.
588 _aDescription based on print version record.
650 7 _aCollective Action Clause
_2imf
650 7 _aDebt Contract
_2imf
650 7 _aDebt Contracts
_2imf
650 7 _aInternational Bankruptcy Court
_2imf
650 7 _aInternational Financial Architecture
_2imf
650 7 _aInternational Lending and Debt Problems
_2imf
651 7 _aArgentina
_2imf
651 7 _aIndonesia
_2imf
651 7 _aJersey
_2imf
651 7 _aMalaysia
_2imf
651 7 _aThailand
_2imf
776 0 8 _iPrint Version:
_aJeanne, Olivier D.
_tDebt Maturity and the International Financial Architecture
_dWashington, D.C. : International Monetary Fund, 2004.
_z9781451855944
830 0 _aIMF Working Papers; Working Paper ;
_vNo. 04/137
856 4 0 _uhttp://elibrary.imf.org/view/IMF001/01566-9781451855944/01566-9781451855944/01566-9781451855944.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781451855944
_zIMF Book Store
999 _c151663
_d151663