Download or read book Voluntary Choices in Concerted Deals written by Ishac Diwan and published by World Bank Publications. This book was released on 1990 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: When lenders participate voluntarily in a buyback of debt claims, both the price paid for repurchased claims and the secondary market price of the remaining debt rise-- so all creditors realize a net benefit. In contrast, the menu approach to debt reduction allows the debtor to reduce its debt at cheaper prices.