Redesigning Sovereign Debt Restructuring Mechanisms Harvard Case Solution & Analysis

As the sovereign debt to be restructured when countries approach by default? Anne O. Krueger of the International Monetary Fund (IMF), a new approach to sovereign defaults: sovereign debt restructuring mechanism (SDRM). SDRM would establish a new international legal framework for sovereign defaults like bankruptcy in the private sector. The new judicial group in the IMF will monitor the SDRM, and it will be based on international agreements. Kruger is to build a convincing case that the SDRM would be more effective than alternative approaches to sovereign defaults. The case provides information on some of the major sovereign defaults (crises in Latin America, Mexico and Asia) and the existing institutions and processes, creditors and debtors to apply to sovereign defaults. Students need to weigh the advantages and disadvantages of different approaches to sovereign defaults.
This case is only available in paper format (HBP do not have the rights to distribute digital content). As a result, a digital copy of an educator if not available through this Web site. "Hide
by Mihir A. Desai, Kathleen Luchs, Julia Stevens, Christine Pham B. Source: Harvard Business School 28 pages. Publication Date: 20 January 2004. Prod. #: 204110-HCB-ENG

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