Country v. Company

T. H. Donaldson

Chapter 10 in How to Handle Problem Loans, 1986, pp 145-155 from Palgrave Macmillan

Abstract: Abstract It is easy to confuse the principles of a country rescheduling with those of a company. Even where the principles, such as equitable treatment among banks, apply in both situations detailed application may differ. And because a country cannot be made bankrupt and cannot be forced to sell its assets (and rarely has any foreign assets) the alternative solutions and the negotiating strengths of the two parties differ.

Keywords: Cash Flow; Central Bank; Foreign Currency; Trade Creditor; Foreign Asset (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07740-3_10

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DOI: 10.1007/978-1-349-07740-3_10

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