Efficient debt reduction (English)

It is now widely acknowledged that under certain circumstances debt reduction can improve the welfare of both creditors and debtors. Meaningful debt reduction requires an appropriate institutional setting to overcome collective action problems. In the domestic economy, bankruptcy laws provide the framework for organizing the collective interests of the creditors when a debtor is distressed. No such institutional framework exists in the international...

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Author

SACHS, JEFFREY D.;
Document Date
1989/05/31
Document Type
Policy Research Working Paper
Report Number
WPS194
Volume No
1
Total Volume(s)
1
Disclosure Date
2010/07/01
Doc Name
Efficient debt reduction
Keywords
debtor country

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Citation

SACHS, JEFFREY D..

Efficient debt reduction (English). Policy, Planning and Research Department working papers ; no. WPS 194 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/947261468739545304

Efficient debt reduction (English)

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