Business, Management and Accounting
5 years ago

Debt Restructuring Unlocks Economic Recovery for Struggling Nations

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Oxford University Press eBooks
The Restructuring Process
Lee C. Buchheit, Guillaume Chabert, Chanda DeLong, Jeromin Zettelmeyer

Paper Summary

The article explains the process of restructuring debt, which hasn't been detailed before. It outlines the steps involved, from choosing a strategy to negotiating with creditors. One major issue is the collective action problem, where creditors struggle to agree. Solutions include collective action clauses and the involvement of the Paris Club.

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