The Common Framework for Sovereign Debt Restructuring provides a process for easing debt burdens on low … creditors that are not members of the Paris Club are often principally responsible for the pace of the delivery of debt … the provision of financial assistance and extract concessions from other parties to debt restructuring negotiations …

This paper provides an overview of the ongoing debate on the international Sovereign Debt Restructuring Mechanism (SDRM … have been set forth, such as arbitration, state-contingent bonds and the proposal for a European Debt Restructuring … Mechanism. A proposal for an Environmental Sovereign Debt Restructuring Mechanism (E-SDRM) is presented, involving the …

Many sovereign defaults have occurred worldwide over the past 200 years. An analysis of 321 sovereign debt … in the 1970s, several debt exchanges have increasingly been required to resolve a default. To understand this new … show that debt crises with serial restructurings resulted in greater overall losses for creditors than a major one …