Krueger?s proposal to "mimick" domestic insolvency laws marked the abrupt end of the IMF?s fierce opposition against sovereign insolvency. It was a full U-turn regarding the Fund?s views on sovereign (...)
The paper discusses the four proposals presently on the table: Collective Action Clauses, a voluntary Code of Good Conduct for debt re-negotiation, and two models of sovereign insolvency: the IMF?s (...)
