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An Auction-based Sovereign Debt Restructuring Mechanism

  • April 1, 2021

  • 59 Views

  • 06:35

An auction-based mechanism can help reveal creditor preferences. This can smoothen the restructuring process and make it easier for a debt-distressed sovereign to obtain the needed relief. The same process could also facilitate voluntary debt exchang

  • Tim Willems, Strategy Policy and Review Department IMF