Would Collective Action Clauses Raise Borrowing Costs? : An Update and Additional Results

Would Collective Action Clauses Raise Borrowing Costs? : An Update and Additional Results / Eichengreen, Barry

June 2000 - Collective action clauses raise borrowing costs for low-rated borrowers and lower them for high-rated borrowers. This result holds for all developing country bonds and also for the subset of sovereign bond issuers. It is easy to say that the International Monetary Fund should not resort...

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Bibliographic Details
Main Authors:Eichengreen, Barry, 1952-
Other Authors:Mody, Ashoka, 1956-
Format: Online-Resource
Language:English
Published:Washington, D.C : The World Bank, 1999
Subjects:
Borrowers
Borrowing Costs
Collective Action
Collective Action Clauses
Credit Ratings
Crisis Country
Debt
Debt Markets
Debt Restructuring
Emerging Markets
Equity
Finance and Financial Sector Development
Financial Literacy
Financial Markets
Financial Support
Foreign Investors
Holding
International Financial Institutions
International Financial System
Investors
Lenders
Lending
Moral Hazard
Private Sector Development
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