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Would Collective Action Clauses Raise Borrowing Costs? An Update and Additional Results." Barry Eichengreen and Ashoka Mody. July 2000. Abstract C00-113 "Why Adopt Transparency? The Publication of Central Bank Forecasts. [PDF]
, 2000 This paper updates earlier findings concerning the impact of collective-action clauses on borrowing costs. It has been argued that only in recent quarters have investors focused on the presence of these provisions, and that, given the international financial institutions' newfound resolve to "bail in" investors, they now regard these clauses with ...
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