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Too Little, Too LateThe Quest to Resolve Sovereign Debt Crises$
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Martin Guzman, José Antonio Ocampo, and Joseph E. Stiglitz

Print publication date: 2016

Print ISBN-13: 9780231179263

Published to Columbia Scholarship Online: January 2017

DOI: 10.7312/columbia/9780231179263.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 26 September 2021

Sovereign Debt Restructuring

Sovereign Debt Restructuring

A Coasean Perspective

(p.163) Chapter 8 Sovereign Debt Restructuring
Too Little, Too Late

James A. Haley

Columbia University Press

The chapter points to the importance of creditor committees for achieving successful sovereign debt restructurings. He claims that a more widespread utilization of creditor committees would minimize the holdout problems, as they would facilitate inter-creditors consensus, as most creditors will usually feel they can trust “a group of their own” more readily than they can trust the issuer.

Keywords:   Creditor Committees, Sovereign Debt Restructuring

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