IV Managing Global Finance: Private and Public Policy Challenges Raised by Last Fall’s Mature Market Turbulence »
Source: International Capital Markets : Developments, Prospects, and Key Policy Issues (September 1999)
Series: World Economic and Financial Surveys
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 24 September 1999
Keywords: debt, bonds, loans, interest, restructuring
The severe turbulence that erupted in the immediate aftermath of Russia’s effective default and devaluation has raised a number of questions about the adequacy of the current lines of defense against systemi...