Series: IMF Working Papers
Author(s): Torbjorn Becker , Anthony Richards , and Yunyong Thaicharoen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2001
Keywords: Bond restructuring, contract design, law, bonds, bond, bondholders, International Lending and Debt Problems,
Many official groups have endorsed the wider use by emerging market borrowers of contract clauses which allow for a qualified majority of bondholders to restructure repayment terms in the event of financial distres...