CF40观察|国际主权债务重组机制的历史演进和核心元素

中国金融四十人...
Jul 30, 2023

“ 国际主权债务重组是指对现有债务偿还条款进行调整的安排,这一调整将同时涉及债权人、债务人乃至第三方。 本文以主权债务重组中谈判和协调机制的变革为主线,以发展中国家半个多世纪的主权债务违约特征为线索,将国际主权债务重组机制的演变大致划分为三个阶段。 第一个阶段在上世纪80年代,伦敦俱乐部和巴黎俱乐部在协调商业银行债权人和官方双边债权人方面分别发挥了重要作用。 第二个阶段在本世纪初,国际社会推出了...

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