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Debt Games

Name: Debt Games
Brand: Cambridge University Press
SKU: 9780521352024
Price: 54114 HUF
Availability: InStock

Strategic Interaction in International Debt Rescheduling

Szerző: Vinod K. Aggarwal

Nyelv:

Kötés: Kemény kötésű

Kiadó: Cambridge University Press

Elérhetőség: Beszállítói készleten

Küldés 10-18 napon belül

54 114 Ft

International debt rescheduling, both in earlier epochs and our present one, has been marked by a fl...

Információk a könyvről

Szerző

Vinod K. Aggarwal

Nyelv

Angol

Kötés

Könyv - Kemény kötésű

Kiadva

1996

oldal

632

EAN

9780521352024

ISBN

0521352029

Enbook ID

02028251

Kiadó

Cambridge University Press

Súly

1090

Méretek

152 x 229 x 40

Teljes leírás

International debt rescheduling, both in earlier epochs and our present one, has been marked by a flurry of bargaining. In this process, significant variation has emerged over time and across cases in the extent to which debtors have undertaken economic adjustment, banks or bondholders have written down debts, and creditor governments and international organizations have intervened in negotiations. Debt Games develops and applies a situational theory of bargaining to analyze the adjustment undertaken by debtors and the concessions provided by lenders in international debt rescheduling. This approach has two components: a focus on each actor's individual situation, defined by its political and economic bargaining resources, and a complementary focus on changes in their position. The model proves successful in accounting for bargaining outcomes in eighty-four percent of the sixty-one cases, which include all instances of Peruvian and Mexican debt rescheduling over the last one hundred and seventy years as well as Argentine and Brazilian rescheduling between 1982 and 1994.