Debt Restructuring with Multiple Creditors and the Role of Exchange Offers

Enrica Detragiache () and Paolo Garella

Working Papers from Banca Italia - Servizio di Studi

Abstract: Exploiting the analogy with the private provision of a public good, this paper studies debt restructuring with an arbitrary number of creditors using mechanism design.

Keywords: PUBLIC DEBT; PUBLIC GOODS; CREDIT (search for similar items in EconPapers)
JEL-codes: F30 F34 H60 H63 (search for similar items in EconPapers)
Pages: 45 pages
Date: 1996
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Citations: View citations in EconPapers (20)

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Journal Article: Debt Restructuring with Multiple Creditors and the Role of Exchange Offers (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:banita:261

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