New approaches to crisis resolution: Weighing the options (A comment)
Comments on: Barry Eichengreen, Kenneth Kletzer, and Ashoka Mody who describe the debate over collective action clauses, which have been considered by the G-7,G-10, G-20, G-22, G-30, Institute of International Finance (IIF),International Monetary Fund, International Monetary and Financial Committee(IMFC), Council of Foreign Relations (CFR), Emerging Markets Credit Association (EMCA), a variety of finance ministries, and others no doubt—although not, to my knowledge, the Boy Scouts of America (BSA). For those who have not received a merit badge in the language of internationalbureaucrats, collective action clauses allow a specified majority of bondholders to represent the interests of the totality of issuers in renegotiations with the issuer.
|Date of creation:||2003|
|Date of revision:|
|Publication status:||Published in Brookings Trade Forum 2003 (2003): pp. 338-348|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Graciela L. Kaminsky & Carmen Reinhart & Carlos A. Vegh, 2003.
"The Unholy Trinity of Financial Contagion,"
NBER Working Papers
10061, National Bureau of Economic Research, Inc.
- Reinhart, Carmen & Kaminsky, Graciela & Vegh, Carlos, 2002. "Two Hundred Years of Contagion," MPRA Paper 13229, University Library of Munich, Germany.
- Reinhart, Carmen & Kaminsky, Graciela & Vegh, Carlos, 2003. "The unholy trinity of financial contagion," MPRA Paper 13878, University Library of Munich, Germany.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:13200. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.