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Buybacks back? Menu-driven debt reduction schemes with heterogenous creditors.
By: Diwan, Ishac; Spiegel, Mark M.
Material type:
BookSeries: The World Bank working papers no. 675. Publisher: Washington : World Bank, 1991Subject(s): Debt | Economic development -- Credit systems. -- Economic development -- Credit systemsSummary: In this paper the authors argue that the so-called "menu approach" to debt reduction captures part of the advantages but not the invoveniences of each one of these mechanisms, by combining concerted and voluntary characteristics.
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In this paper the authors argue that the so-called "menu approach" to debt reduction captures part of the advantages but not the invoveniences of each one of these mechanisms, by combining concerted and voluntary characteristics.
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