IMF Working Papers

Subject: Bonds, Collective action clauses, Credit ratings, Emerging and frontier financial markets, Financial institutions, Financial markets, Financial sector policy and analysis, Money, Moral hazard

Keywords: Action clause, Africa, Aggregation, Bond market, Bonds, Borrowing cost, Collective Action, Collective action clauses, Credit ratings, Debt repayment, Debt restructuring, Debtor country, Emerging and frontier financial markets, Expected return, Global, GNP ratio, Moral hazard, Short-term debt, Single bond, Transition, WP