Banking on Seniority
The IMF and the Sovereign's Creditors
Bibliographic Data
| ID | 12216623 |
|---|---|
| Authors | Aitor Erce (0000-0002-9862-6321, Bank of Spain, corresponding author) |
| Year | 2014 |
| Volume | 28 |
| Issue | 2 |
| Pages | 219-236 |
| Publication date | 2014-07-21 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Governance (JOURNAL) |
| Journal identifiers | ISSN: 0952-1895 • E-ISSN: 1468-0491 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/gove.12105 |
| OpenAlex | W1498993046 |
| Language | EN |
| Citations received | 1 |
| References cited | 31 |
The programs designed by the I nternational M onetary F und ( IMF ) during the G lobal F inancial C risis have shown more awareness of the importance of domestic demand for the prospects of economic recovery. Yet the IMF has continued to do little about the late payments made by governments to domestic creditors and suppliers. In contrast, the greater protection historically awarded by the IMF to foreign creditors has endured throughout the recent crisis. The article suggests that, in order to adequately balance foreign creditor seniority and growth objectives, the IMF may sometimes need to emphasize equitable burden‐sharing across categories of creditors rather than privilege the interests of international bond markets
Balance of payments · Business · Collateral · Creditor · Debt · Economics · Financial system · International economics · Monetary economics · Order (exchange · Payment · Political science · Seniority · Global Financial Crisis and Policies · International Development and Aid · Law · State Capitalism and Financial Governance · Finance
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| Citations per year | 0.13 |
|---|---|
| Citation span | 2018 - 2018 (1) |
| Highly cited | No |