Are Buybacks Back?: Menu-driven Debt-reduction Schemes with Heterogenous Creditors
Ishac Diwan · Mark Spiegel
Jan 1991 · Pre working paper series Book 675 · World Bank Publications
Ebook
38
Pages
About this ebook
Two debt- reduction mechanisms - market buybacks and concerted debt- reduction agreements - run into coordination problems. The menu approach captures some of the advantages of both but not their inconveniences.
Two debt- reduction mechanisms - market buybacks and concerted debt- reduction agreements - run into coordination problems. The menu approach captures some of the advantages of both but not their inconveniences.
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