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Sovereign Debt Structure For Crisis Prevention: Imf Occasional Paper (Occasional Paper (Intl Monetary Fund)) by Eduardo Borensztein, Olivier Jeanne, Paolo Mauro, Jeronimo Zettelmeyer, and Marcos Chamon is a book available to read on EtoBox.

What is Sovereign Debt Structure For Crisis Prevention: Imf Occasional Paper (Occasional Paper (Intl Monetary Fund)) about?

The debate on government debt in the context of possible reforms of the international financial architecture has thus far focused on crisis resolution. This paper 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, the 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.

Author

Eduardo Borensztein, Olivier Jeanne, Paolo Mauro, Jeronimo Zettelmeyer, and Marcos Chamon

Publisher

Washington, D.C.: International Monetary Fund

Published

2005

Language

EN

ISBN

9781452772530

Subjects

Economics, Business, Finance