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Iranzo, Silvia - Banco de España - 2008

Since the Latin American debt crisis of the early 80s, country risk analysis has accounted for a significant part of the work of research and risk management departments of banks, insurance companies, rating agencies, financial market regulators, and multinational companies. Country risk is a...

Persistent link: https://www.econbiz.de/10005022307

Recent episodes of sovereign debt restructurings. A case-study approach

Díaz-Cassou, Javier; Erce-Domínguez, Aitor; … - Banco de España - 2008

Sovereign debt restructurings do constitute a recurrent phenomenon in emerging and developing economies. Consequently, the international community has repeatedly explored options to increase the predictability and orderliness of debt workouts, of which the debate on the Sovereign Debt...

Persistent link: https://www.econbiz.de/10005163314

The role of the IMF in recent sovereign debt restructurings: Implications for the policy of lending into arrears

Díaz-Cassou, Javier; Erce-Domínguez, Aitor; … - Banco de España - 2008

This paper analyzes the role played by the IMF in eight recent sovereign debt restructurings from a comparative perspective: Argentina (2001-2005), the Dominican Republic (2004-2005), Ecuador (1999-2000), Pakistan (1998-2001), the Russian Federation (1998-2001), Serbia (2000-2004), Ukraine...

Persistent link: https://www.econbiz.de/10005590736

Why do spanish firms rarely use the bankruptcy system? The role of the mortgage institution

García-Posada, Miguel; Mora-Sanguinetti, Juan S. - Banco de España - 2012

the Spanish bankruptcy system relative to that of an alternative insolvency institution, the mortgage system, and the …

Persistent link: https://www.econbiz.de/10010678678

Insolvency institutions and efficiency: the Spanish case

García-Posada, Miguel - Banco de España - 2013

low creditor protection of the Spanish bankruptcy system relative to those of an alternative insolvency institution …, namely the mortgage system, mean that firms and their creditors mainly deal with credit provision and eventual insolvency … creditors in the event of default. Since creditors are inherently biased towards liquidation, this leads to some inefficient …

Persistent link: https://www.econbiz.de/10010678693

Are there alternatives to bankruptcy? a study of small business distress in Spain

García-Posada, Miguel; Mora-Sanguinetti, Juan S. - Banco de España - 2013

note that these results are based on data that do not yet capture the impact of recent reforms of the Spanish insolvency …

Persistent link: https://www.econbiz.de/10010705525