One Reason Why Debt Rescheduling Is Easier Than Debt Repudiation

question 73

True/False

One reason why debt rescheduling is easier than debt repudiation is that many international loan contracts contain cross-default provisions that serve to prevent a country from selecting a group of weak lenders for special default treatment.

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Definitions:

Perceived Fairness

Perceived fairness refers to an individual's judgment about the equity and justice of treatment received, especially in social or organizational contexts.

Organizational Culture

Shared beliefs, ambitions, practices, and values that characterize an organization or institution.

Shared Values

Fundamental beliefs or principles that are held in common by members of a group, organization, or society, fostering unity and cooperation.

Negotiator

An individual who engages in negotiation, aiming to reach agreement or resolve differences.