The Corporation of Foreign Bondholders

Released on by Mr.Paolo Mauro
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  • The Corporation of Foreign Bondholders Book Detail

  • Author : Mr.Paolo Mauro
  • Release Date : 2003-05-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 32
  • ISBN 13 : 1451853009
  • File Size : 76,76 MB
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The Corporation of Foreign Bondholders by Mr.Paolo Mauro PDF Summary

Book Description: This paper analyzes the Corporation of Foreign Bondholders (CFB), an association of British investors holding bonds issued by foreign governments. The CFB played a key role during the heyday of international bond finance, 1870-1913, and in the aftermath of the defaults of the 1930s. It fostered coordination among creditors, especially in cases of default, arranging successfully for many important debt restructurings, though failing persistently in a few cases. While a revamped creditor association might once again help facilitate creditor coordination, the relative appeal of defection over coordination is greater today than it was in the past. The CFB may have had an easier time than any comparable body would have today.

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The Corporation of Foreign Bondholders

The Corporation of Foreign Bondholders

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This paper analyzes the Corporation of Foreign Bondholders (CFB), an association of British investors holding bonds issued by foreign governments. The CFB playe