Debt Restructuring with Multiple Creditors and the Role of Exchange Offers.

Exploiting the analogy with the private provision of a public good, this paper studies debt restructuring with an arbitrary number of creditors using mechanism design.

MoreLess

Year of publication:	1996
Authors:	Detragiache, E. ; Garella, P.G.
Institutions:	Banca d'Italia
Subject:	PUBLIC DEBT \| PUBLIC GOODS \| CREDIT

More details

Series:	Banca Italia - Servizio di Studi.
Type of publication:	Book / Working Paper
Notes:	45 pages
Classification:	F30 - International Finance. General ; F34 - International Lending and Debt Problems ; H60 - National Budget, Deficit, and Debt. General ; H63 - Debt; Debt Management
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005640925