A Survey of Experiences with Emerging Market Sovereign Debt Restructurings - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Survey of Experiences with Emerging Market Sovereign Debt Restructurings write by International Monetary Fund. Monetary and Capital Markets Department. This book was released on 2012-05-06. A Survey of Experiences with Emerging Market Sovereign Debt Restructurings available in PDF, EPUB and Kindle. This paper takes stock of past episodes of debt restructuring and reviews the relevant literature. Based on cross-country experience from the late 1990s through 2010 of emerging markets it offers some stylized facts.
A Survey of Experiences with Emerging Market Sovereign Debt Restructurings
A Survey of Experiences with Emerging Market Sovereign Debt Restructurings - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Survey of Experiences with Emerging Market Sovereign Debt Restructurings write by Internationaler Währungsfonds. This book was released on 2012. A Survey of Experiences with Emerging Market Sovereign Debt Restructurings available in PDF, EPUB and Kindle. This paper takes stock of past episodes of debt restructuring and reviews the relevant literature. Based on cross-country experience from the late 1990s through 2010 of emerging markets it offers some stylized facts.
Sovereign Debt Restructurings 1950-2010
Sovereign Debt Restructurings 1950-2010 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Sovereign Debt Restructurings 1950-2010 write by Mr.Udaibir S. Das. This book was released on 2012-08-01. Sovereign Debt Restructurings 1950-2010 available in PDF, EPUB and Kindle. This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses.
Debt Defaults and Lessons from a Decade of Crises
Debt Defaults and Lessons from a Decade of Crises - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Debt Defaults and Lessons from a Decade of Crises write by Federico Sturzenegger. This book was released on 2007-01-05. Debt Defaults and Lessons from a Decade of Crises available in PDF, EPUB and Kindle. Detailed case studies of debt defaults by Russia, Ukraine, Pakistan, Ecuador, Moldova, and Uruguay, framed by a comprehensive discussion of the history, economic theory, legal issues, and policy lessons of sovereign debt crises. The debt crises in emerging market countries over the past decade have given rise to renewed debate about crisis prevention and resolution. In Debt Defaults and Lessons from a Decade of Crises, Federico Sturzenegger and Jeromin Zettelmeyer examine the facts, the economic theory, and the policy implications of sovereign debt crises. They present detailed case histories of the default and debt crises in seven emerging market countries between 1998 and 2005: Russia, Ukraine, Pakistan, Ecuador, Argentina, Moldova, and Uruguay. These accounts are framed with a comprehensive overview of the history, economics, and legal issues involved and a discussion from both domestic and international perspectives of the policy lessons that can be derived from these experiences. Sturzenegger and Zettelmeyer examine how each crisis developed, what the subsequent restructuring encompassed, and how investors and the defaulting country fared. They discuss the new theoretical thinking on sovereign debt and the ultimate costs entailed, for both debtor countries and private creditors. The policy debate is considered first from the perspective of policymakers in emerging market countries and then in terms of international financial architecture. The authors' surveys of legal and economic issues associated with debt crises, and of the crises themselves, are the most comprehensive to be found in the literature on sovereign debt and default, and their theoretical analysis is detailed and nuanced. The book will be a valuable resource for investors as well as for scholars and policymakers.
Sovereign Debt and the Financial Crisis
Sovereign Debt and the Financial Crisis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Sovereign Debt and the Financial Crisis write by Carlos A. Primo Braga. This book was released on 2010-11-16. Sovereign Debt and the Financial Crisis available in PDF, EPUB and Kindle. The book presents and discusses policy-relevant research on the current debt challenges which developing, emerging market and developed countries face. Its value added lies in the integrated approach of drawing on theoretical research and evidence from practitioners' experience in developing and emerging market countries.
