Series: IMF Working Papers
Author(s): Emine Boz
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2009
Keywords: sovereign debt and default, IFIs, debt, commercial debt, creditors, interest, private sector creditors,
This paper builds a model of a sovereign borrower that has access to credit from private sector creditors and an IFI. Private sector creditors and the IFI offer different debt contracts that are modelled based on t...