The Menu Approach to Developing Country External Debt: An Analysis of Commercial Banks' Choice Behavior, Issue 530
Asl? Demirgüç-Kunt · Ishac Diwan
Jan 1990 · Pre working paper series Book 530 · World Bank Publications
Ebook
34
Pages
About this ebook
Suppose that each creditor bank to a particular debtor country is confronted with a choice: each dollar of country debt held can be either rescheduled or sold at a given price. What choice will they make? Relatively strong banks will take advantage of a debt workout to exit from the debt. Relatively weak banks will relend.
Suppose that each creditor bank to a particular debtor country is confronted with a choice: each dollar of country debt held can be either rescheduled or sold at a given price. What choice will they make? Relatively strong banks will take advantage of a debt workout to exit from the debt. Relativ...
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