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Social and Behavioral Sciences Commons™
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Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Resolving Sovereign Debt: Collective Action Clauses Or The Sovereign Debt Restructuring Mechanism, Shalendra Sharma
Resolving Sovereign Debt: Collective Action Clauses Or The Sovereign Debt Restructuring Mechanism, Shalendra Sharma
Politics
When sovereign debt restructuring or debt reduction becomes unavoidable, what is the appropriate regime that can provide for an orderly restructuring, while at the same time protecting the rights of both creditors and the debtor? The recent wave of sovereign default has underscored the limits of the current market-based regime. Recently two alternative approaches propose a "contractual approach" by way of the introduction of collective action clauses (CAC) in bond contracts, and a "statutory approach" put forward by the International Monetary Fund (IMF), which calls for the establishment of an international debt restructuring mechanism (called the sovereign debt restructuring mechanism …
Constructing The New International Financial Architecture: What Role For The Imf?, Shalendra Sharma
Constructing The New International Financial Architecture: What Role For The Imf?, Shalendra Sharma
Politics
No abstract provided.
Markets And States In Development: India's Reformers And The East Asian Experience, Shalendra Sharma
Markets And States In Development: India's Reformers And The East Asian Experience, Shalendra Sharma
Politics
No abstract provided.