Sovereign debt structure for crisis prevention

Author(s)

• Borensztein, Eduardo
• Chamon, Marcos
• Jeanne, Olivier
• Mauro, Paolo
• Zettelmeyer, Jeromin

Bibliographic Information

Sovereign debt structure for crisis prevention

Eduardo Borensztein ... [et al.]

（Occasional paper / International Monetary Fund, no. 237）

International Monetary Fund, 2004

Note

Other authors: Marcos Chamon, Olivier Jeanne, Paolo Mauro, and Jeromin Zettelmeyer

Includes bibliographical references (p. 56-60)

Description and Table of Contents

Description

The debate on government debt in the context of possible reforms of the international financial architecture has thus far focused on crisis resolution. Sovereign Debt Structure for Crisis Prevention seeks to broaden this debate. It asks how government debt could be structured to pursue other objectives, including crisis prevention, international risk-sharing, and facilitating the adjustment of fiscal variables to changes in domestic economic conditions. To that end, this paper considers recently developed analytical approaches to improving sovereign debt structure using existing instruments, and reviews a number of proposals--including the introduction of explicit seniority and GDP-linked instruments--in the sovereign context.

by "Nielsen BookData"

Details

• NCID: BA71220623
• ISBN:
  • 1589063775
• Country Code: us
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Washington, D.C.
• Pages/Volumes: vii, 62 p.
• Size: 28 cm
• Parent Bibliography ID:
  • BA00253338