IPD AI Icon ImageIPD AI

Some Comments on IMF Paper on Restructuring Sovereign Debt

Stiglitz comments on the failure of the IMF Paper on Restructuring Sovereign Debt to note the importance of other conflicts of interest, the conflicts of interests among different creditors (including across different instruments) and the conflicts of interests between creditors and debtors.

Related Publications
Principal-agent models take outside options, determining participation and incentive constraints, as given.
Translate Website »