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

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

It is easy to say that the International Monetary Fund should not resort to financial rescue for countries in crisis; this is hard to do when there is no alternative. That is where collective action clauses come in. Collective action clauses are de...

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Bibliographic Details
Main Authors:	Eichengreen, Barry, Mody, Ashoka
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	BANKRUPTCY BANKRUPTCY PROCEDURES BONDS BORROWING BORROWING COSTS CAPITAL FLOWS CARBON CARBON DIOXIDE CARBON DIOXIDE EMISSIONS CENTRAL BANK CENTRAL BANKS COMMERCIAL BANK DEBT COSTS OF BORROWING CREDIT RATING CREDITORS DEBT DEBT OVERHANG DEBT RESCHEDULING DEBT RESTRUCTURING DEBT SERVICE DEBTS DEFAULT RISK DEVELOPING COUNTRY DEBT ECONOMIC DEVELOPMENT ECONOMICS EMERGING MARKETS EMISSIONS EMISSIONS TAXES ENVIRONMENTAL POLICY EXPORT GROWTH EXPORTS EXTERNAL DEBT FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SERVICES FORESTRY FREE TRADE GDP GNP GOVERNMENT BONDS GOVERNMENT GUARANTEE GROWTH RATE IMMUNITY INCOME INSOLVENCY INTEREST RATE INTERNATIONAL RESERVES JOINT IMPLEMENTATION LAWS LIQUIDITY MARKET BEHAVIOR MARKET DISCIPLINE MORAL HAZARD MULTILATERAL TRADE PRIVATIZATION REAL GDP SHORT TERM DEBT SOVEREIGN DEBT TAXPAYERS TRADE LIBERALIZATION TREASURY BONDS WATER SUPPLY WELFARE EFFECTS
Online Access:	http://documents.worldbank.org/curated/en/2000/06/437226/would-collective-action-clauses-raise-borrowing-costs-update-additional-results http://hdl.handle.net/10986/19839

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

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