Publication
Aug 2012
This paper examines whether global institutions are capable of containing the costs of debt crises. It considers whether the absence of a formal forum for creditor coordination and reliable information exchange between the debtor and the creditors produce reduce the efficiency in resolving unsustainable debt burdens. It also looks at whether intervention by global institutions creates moral hazard or delays needed restructurings.
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English (PDF, 28 pages, 1.0 MB) |
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Author | Susan Schadler |
Series | CIGI Papers |
Issue | 6 |
Publisher | Centre for International Governance Innovation (CIGI) |
Copyright | © 2012 Centre for International Governance Innovation (CIGI). This work is licensed under a Creative Commons Attribution — Non-commercial — No Derivatives License. |