Series: IMF Working Papers
Author(s): Olivier Jeanne
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2004
Keywords: debt contract, international financial architecture, debt contracts, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Short-term Debt, Collective Action Clause, International Bankruptcy Court,
This paper presents a theory of the maturity of international sovereign debt and derives its implications for the reform of the international financial architecture. It presents a general equilibrium model in which...