Number: RL31451
Title: Managing International Financial Crises: Alternatives to "Bailouts," Hardships and Contagion
Authors: Martin A. Weiss and Arlene Wilson, Foreign Affairs, Defense, and Trade Division 
Abstract: This report analyzes the issues involved in sovereign debt restructuring and collective action clauses. It begins with background information on the causes and effects of financial crises, and the IMF response to the crises. The IMF and Treasury proposals are next described and critiqued. The report concludes with an analysis of the two proposals, and their implications for Congress.
Pages: 20
Date: February 3, 2003