TY - BOOK ID - 1436947 TI - Restructuring sovereign debt : the case for ad hoc machinery PY - 2003 SN - 081577446X 0815796110 PB - Washington, D.C. : Brookings Institution Press, DB - UniCat KW - International finance KW - Developing countries KW - Debt relief KW - Loans, Foreign KW - Debts, External KW - Dettes KW - Prêts étrangers KW - Dettes extérieures KW - -Loans, Foreign KW - -Debts, External KW - -336.36 KW - Debts, Foreign KW - Debts, International KW - External debts KW - Foreign debts KW - International debts KW - Debt KW - Investments, Foreign KW - Foreign loans KW - International loans KW - Loans, International KW - Loans KW - Conditionality (International relations) KW - Foreign loan insurance KW - Debt renegotiation KW - Debt rescheduling KW - Debt restructuring KW - Relief, Debt KW - Renegotiation, Debt KW - Rescheduling, Debt KW - Restructuring, Debt KW - Debtor and creditor KW - Law and legislation KW - Prêts étrangers KW - Dettes extérieures UR - https://www.unicat.be/uniCat?func=search&query=sysid:1436947 AB - "When developing countries began experiencing debt problems in the late 1960s, the Paris Club took shape as "ad hoc machinery" to restructure debt from export credit agencies. A decade later the London Club process emerged to handle workouts of commercial bank debt. Restructuring debt in the form of bonds became an issue in the late 1990s in Argentina and several other nations, and the International Monetary Fund recently proposed a permanent mechanism to deal with that challenge." ER -