The role of state-contingent debt instruments in sovereign debt restructurings

Charles Cohen, S. Ali Abbas, Myrvin Anthony, Tom Best, Peter Breuer, Hui Miao, Alla Myrvoda, and Eriko Togo

The COVID-19 crisis may lead to a series of costly and inefficient sovereign debt restructurings. Any such restructurings will likely take place during a period of great economic uncertainty, which may lead to protracted negotiations between creditors and debtors over recovery values, and potentially even relapses into default post-restructuring. State-contingent debt instruments (SCDIs) could play an important role in improving the outcomes of these restructurings

MoreLess

Year of publication:	2020
Authors:	Cohen, Charles ; Abbas, S. Ali ; Anthony, Myrvin L. ; Best, Tom ; Breuer, Peter ; Miao, Hui ; Myrvoda, Alla ; Togo, Eriko
Publisher:	[Washington, D.C.] : International Monetary Fund
Subject:	state-contingent debt instruments \| value recovery instruments \| sovereign debt restructuring \| GDP-linked debt \| natural disaster clauses \| debt sustainability \| Öffentliche Schulden \| Public debt \| Schuldenmanagement \| Debt management \| Internationale Staatsschulden \| International sovereign debt \| Umschuldung \| Debt restructuring \| Katastrophe \| Disaster \| Öffentliche Anleihe \| Public bond \| Internationaler Kredit \| International credit

freely available

Full text |

More access options

www.elibrary.imf.org

doi.org

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

Extent:	1 Online-Ressource (circa 34 Seiten) Illustrationen
Series:	IMF staff discussion note. - Washington, DC : IMF, ISSN 2221-030X, ZDB-ID 2605301-9. - Vol. SDN/20, 06 (November 2020)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
ISBN:	978-1-5135-5648-2
Other identifiers:	10.5089/9781513556482.006 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012522544