For instance, a procedure that allowed a defaulting sovereign debtor to issue new bonds would, Mr Shleifer argues, remove the most powerful deterrent to default, lack of access to foreign capital.The IMF replies that its proposal at least in the latest of its several incarnations does not weaken creditors' rights.
A 2011 standoff, resolved at the last minute before a potential default, led Standard & Poor's to issue the first-ever downgrade to the nation's AAA credit rating.
Our feminist conversations on politics in the region should not immediately default to veiling and other style issues.
In those cases, only licensed insurers will be able to issue credit-default swaps.
Some bondholders rejected the offer, leaving Argentina in default of $26 billion and unable to issue debt abroad.
So they went to the insurance giant AIG and got them to issue credit default swaps against many of the securities it had created.
Despite the rising default rate, companies were able to issue $85 billion in high-yield bonds last year, compared with $54 billion in 2000, Ms. Vazza said.
SAMPSON: And from what I had been told, the judge was indicating clearly, unequivocally, that he was going to issue a default judgment.
When people do take up a task, the brain's executive network lights up to issue commands, and the default network is often suppressed.
Other Chinese solar panel firms, like LDK Solar, have already defaulted on bonds issued outside China.
