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Voluntary Choices in Concerted Deals
Ishac DiwanKenneth Kletzer
其他書名
Mechanics and Attributes of the Menu Approach
出版World Bank Publications, 1990
URLhttp://books.google.com.hk/books?id=NVFraZDR9bUC&hl=&source=gbs_api
EBookSAMPLE
註釋When lenders participate voluntarily in a buyback of debt claims, both the price paid for repurchased claims and the secondary market price of the remaining debt rise-- so all creditors realize a net benefit. In contrast, the menu approach to debt reduction allows the debtor to reduce its debt at cheaper prices.