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1、RSDThispageintentionallyleftblankRSDTheCaseforAdHocMachineryLRWashington,D.C.TheBrookingsInstitutionisaprivatenonprofitorganizationdevotedtoresearch,education,andpublicatio
2、nonimportantissuesofdomesticandforeignpolicy.Itsprincipalpurposeistobringknowledgetobearoncurrentandemergingpolicyproblems.TheInstitutionmaintainsapositionofneutralityonissuesofpublicpolicy.InterpretationsorconclusionsinBrookingspublicationsshouldbeunderstoodtobes
3、olelythoseoftheauthors.Copyright©20031775MassachusettsAvenue,N.W.,Washington,D.C.20036www.brookings.eduAllrightsreservedLibraryofCongressCataloging-in-PublicationdataRieffel,Lex.Restructuringsovereigndebt:thecaseforadhocmachinery/LexRieffel.
4、p.;cmIncludesbibliographicalreferencesandindex.ISBN0-8157-7446-X(cloth)1.Debtrelief—Developingcountries.2.Loans,Foreign—Developingcountries.3.Debts,External—Developingcountries.I.Title.HJ8899.R522003336.3'6—dc222003015470987654321Thepaperusedinthispublicationmeets
5、minimumrequirementsoftheAmericanNationalStandardforInformationSciences—PermanenceofPaperforPrintedLibraryMaterials:ANSIZ39.48-1992.TypesetinMinionCompositionbyOSP,Inc.Arlington,VirginiaPrintedbyR.R.DonnelleyHarrisonburg,VirginiaMarc-AurèleRieffe
6、landMaryBushRieffelwhoinspiredmetowriteAlaireBretzRieffelalwaysmymostsolidandstoicsupporterReinventingtheSquareThesevenbrothers(Canada,France,Germany,Italy,Japan,UnitedKingdom,andUnitedStates),ledbySam,hadovercomemanyobstaclesduringsixtyyearsinthebusine
7、ssofdeliveringglobalfinancialstability.Theirtruckhadsurvivedroughterrain,violentstorms,andoccasionalcollisions.Onedayalargepotholecausedablowout.Insteadofreplacingthetirewiththefamiliarbrand,theirfavoriterepairshopproposedanewprototypethatwouldneverwearout.Itwasgua
8、ranteedtowithstandpotholes,nails,andallotherperils.Theircustomers,how-ever,worriedthatasquaretirewouldmakethetruckbouncetoomuchandjostletheirmerchandise