Article | International Economic Review | February 1989

Buybacks, Exit Bonds, and the Optimality of Debt and Liquidity Relief

by K. A. Froot

Keywords: Chapter 7; Debt reduction; Default; Sovereign debt; Debt crisis; Debt restructuring; Borrowing and Debt;

Citation:

Froot, K. A. "Buybacks, Exit Bonds, and the Optimality of Debt and Liquidity Relief." International Economic Review 30, no. 1 (February 1989): 49–70. (Revised from NBER Working Paper No. 2675, July 1988. Translated into Spanish in Estudios Economicos 4 (July 1989): 31-60.)