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2016 | 25 | 63-78
Article title

Determinants of complexity of sovereign debt negotiation

Content
Title variants
Languages of publication
EN
Abstracts
EN
The situation on all kinds of financial markets is determined by their increasing complexity. Negotiation of sovereign debt is also a complex endeavor. Its complexity results both from structural characteristics – number of actors, problems of coordination, communication, cooperation and conflict and from cognitive limitations. The survey of literature on sovereign debt management shows that no research has been done on complexity of sovereign debt management, and sovereign debt negotiation in particular. The aim of the paper is to provide initial framework concepts of complexity of sovereign debt restructuring negotiation referring to a universal collection of characteristics of negotiation. A model of debt restructuring negotiation is elaborated and a set of its complexity- related characteristics is proposed.
Year
Volume
25
Pages
63-78
Physical description
Contributors
author
  • Department of International Economic Relations. Faculty of Economics and International Relations. Cracow University of Economics
  • Department of Management Process. Faculty of Management. Cracow University of Economics
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Document Type
Publication order reference
Identifiers
ISSN
1732-1948
YADDA identifier
bwmeta1.element.cejsh-9abab8c3-a146-49d5-86a3-685bdf65b05a
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