| Author: | Lipworth, G. Nystedt, J. |
| Title: | Crisis resolution and private sector adaptation |
| Journal: | IMF Staff papers
2001 : VOL. 47, special issue, p. 188-214 |
| Index terms: | Crises Financial crises Private sector |
| Language: | eng |
| Abstract: | Theis paper focuses on how the private sector sector is lkely toadapt to the recent initiatives by the official sector is likely to adapt to recent initiatives by the official sector to further involve the private sector in the resolution of crises. The key conclusion is that recent experiences with payment suspensions and bond restructurings are limited as guides to determining the future success or failures of these initiatives, because the private sector most likely has adapted in order to minimize any unwanted involvement. |
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