It is now widely acknowledged that under certain circumstances debt reduction can improve the welfare of both creditors and debtors. Meaningful debt reduction requires an appropriate institutional setting to overcome collective action problems. In the domestic economy, bankruptcy laws provide the framework for organizing the collective interests of the creditors when a debtor is distressed. No such institutional framework exists in the international...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1989/05/31
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Рабочий документ в рамках исследования вопросов политики
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WPS194
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1
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1
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2010/07/01
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Efficient debt reduction
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debtor country
ФАЙЛЫ ДЛЯ СКАЧИВАНИЯ
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Официальная версия документа (может содержать подписи, и т.д.)