Debt Restructuring: Evolution or Revolution?

Nanosciences : evolution or revolution ?

In miniaturised objects fabricated by modern technology the smallest linear size may be of a few nanometers. In the field of microelectronics, the advantages of such a miniaturisation are huge (increased complexity and reliability, reduced costs). The technology is now approaching the limits where further size reduction will be impossible, except for very novel techniques such as molecular elec...

Telepathology: revolution or evolution?

Evolution or Revolution?

ISSN: 0140-2390 (Print) 1743-937X (Online) Journal homepage: http://www.tandfonline.com/loi/fjss20 Evolution or Revolution? Michael Horowitz & Stephen Rosen Professor To cite this article: Michael Horowitz & Stephen Rosen Professor (2005) Evolution or Revolution?, Journal of Strategic Studies, 28:3, 437-448, DOI: 10.1080/01402390500137317 To link to this article: http://dx.doi.org/10.1080/01402...

Sovereign Debt Restructuring

nancial crises is one of the gravest threats to an open and liberal international economic order... Recent events in Turkey and Argentina demonstrate that financial crises with potentially profound consequences for economic and political stability are not a thing of the past. They also demonstrate the continued urgency of finding practical and concrete means to handle the crises that do occur.”...

Strategic Debt Restructuring

We analyze a distressed firm indebted to many creditors. The firm’s owners have the option of choosing the sequence of restructuring negotiations with the creditors. We show that sequencing flexibility is beneficial to firm owners, and that the optimal sequencing of restructuring negotiations involves exploiting the firm’s liabilities to some creditors so as to moderate the demands of others. M...