The Corporation of Foreign Bondholders PDF
By:Mr. Paolo Mauro,Yishay Yafeh
Published on 2003-05-01 by International Monetary Fund
This paper analyzes the Corporation of Foreign Bondholders (CFB), an association of British investors holding bonds issued by foreign governments. The CFB played a key role during the heyday of international bond finance, 1870-1913, and in the aftermath of the defaults of the 1930s. It fostered coordination among creditors, especially in cases of default, arranging successfully for many important debt restructurings, though failing persistently in a few cases. While a revamped creditor association might once again help facilitate creditor coordination, the relative appeal of defection over coordination is greater today than it was in the past. The CFB may have had an easier time than any comparable body would have today.
This Book was ranked at 32 by Google Books for keyword International Foreign Exchange novel.
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Book which was published by International Monetary Fund since 2003-05-01 have ISBNs, ISBN 13 Code is 9781451898651 and ISBN 10 Code is 1451898657
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