G10 report on collective action clauses

G10 ministers and governors have approved the publication of a report setting out the key features of collective action clauses for sovereign bonds designed to contribute to the more rapid and orderly resolution of debt crises.


It is widely recognised that an important factor complicating the rapid and orderly resolution of sovereign debt crises is the collective action problem, whereby the incentives for individual creditors diverge from those of creditors as a whole. This problem

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