Are buybacks back? : Menu-driven debt-reduction schemes with heterogeneous creditors

There is always some price that is low enough so that a debtor country gains by buying back some of its debts. Similarly, there is always some price that is high enough so that creditors gain by selling their debt claims. What is needed is a mechanism that allows trades to take place at some price w...

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Bibliographic Details
Main Author: Diwan, Ishac
Corporate Author: Banco Mundial
Other Authors: Spiegel, Mark M
Format: Book
Published: Washington, D.C. World Bank 1991
Series:Working papers WPS 675
Subjects: