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Inefficient Private Renegotiation of Sovereign Debt

Inefficient Private Renegotiation of Sovereign Debt PDF Author: Kenneth Kletzer
Publisher: World Bank Publications
ISBN:
Category : Debt relief
Languages : en
Pages : 64

Book Description
Private renegotiation of debt repayments and new loans is inefficient because of the creditors' seniority privileges and lack of commitment and the inadequate information creditors have about debtors' policy choices.
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