The different creditors should therefore assess the possibilities of any deal relative to the position they would experience in a bankruptcy. Many classic analyses of bargaining suggest that participants should generally expect to share the gains of any deal broadly proportionately relative to what each creditor would get from the bankruptcy.
2  The Bank’s view of recent economic and financial developments, determined by the Policy Board at the Monetary Policy Meeting held on September 17 and 18 as the basis for monetary policy decisions. BIS Review 52/2002  1  Under these circumstances, domestic wholesale prices are projected to continue to be weak for a while.