Orderly Sovereign Debt Restructuring : Missing in Action! (And Likely To Remain So)

Orderly Sovereign Debt Restructuring : Missing in Action! (And Likely To Remain So)

An orderly sovereign debt restructuring should place the debtor nation's public debt on a sustainable trajectory while minimizing procrastination and contagion. However, the experiences with the debt crisis of the 1980s, Russia 1998, Argentina 2001, and Greece 2010 indicate that orderly debt re...

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Bibliographic Details
Main Authors: Canuto, Otaviano, Pinto, Brian, Prasad, Mona
Format: Journal Article
Language:en_US
Published: Oxford University Press on behalf of the World Bank 2015
Subjects:
bailout
bond
central bank
debt crisis
debtor
emerging market
emerging market countries
international bank
liquidity
moral hazard
political economy
private creditor
public debt
solvency
sovereign debt
sovereign debt restructuring
Online Access:http://hdl.handle.net/10986/22566

Internet

http://hdl.handle.net/10986/22566

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