IMF paper on how to negotiate a debt restructuring


An International Monetary Fund paper published on Wednesday says countries can reduce the risk of default from a debt restructuring by setting a minimum threshold on creditor participation.

Ran Bi, Marcos Chamon and Jeromin Zettelmeyer, the paper's authors, present a model that rationalises the initial fears and offers interpretations for why debt renegotiations do not materialise.

The authors say that as emerging market countries began to experience difficulties in servicing their public debt

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: