This paper investigates the use of exit consents in a sample of bond exchange offers during 1986–1997. We find that exit consents are common, approximately 56% of the exchange offers in our sample have them and 60% of the exit consents are by non-financially distressed firms. Using a probit model, we find that a set of variables that Uggs Factory Outlet Uk
proxy for holdout problems is able to significantly explain the use of exit consents. Reducing holdouts is necessary for timely and efficient debt restructurings and achieving financial stability particularly in sovereign debt markets.
Electronic voting schemes usually use voting receipts to assure accuracy and verifiability of the tally. A traditional voting receipt consists of the blind signature of the voter's ballot made by the voting centre. However, this construction forces the voter to reveal in which way he/she voted in case an objection to the tally is done. The mechanism of vote-tags solves this problem, allowing open objection to the tally. Nonetheless, previous proposals for vote-tags imply high computation costs. In this paper we propose an efficient Genuine Ugg Boots Uk Stockists
method to construct vote-tags, based on one-way hash functions.