This paper estimates bond-by-bond "haircuts"-realized investor losses-in recent debt restructurings in Russia, Ukraine …

This paper-consisting of a regional study and seven country studies-reviews the state of domestic public debt markets … account for the lion's share of capital markets, regional public debt markets remain underdeveloped for a variety of reasons … and composition of debt (with sizeable nonstandard and non-tradable components), fragmentation of public debt between …

Over the past three decades, large and persistent discrepancies between the annual change in public debt and the budget … deficit, so-called stock-flow adjustments, were a prominent feature of debt dynamics in many economies. The aim of this paper … stock-flow adjustments to increases in debt is likewise smaller in countries with above average fiscal transparency. This …

across major regions, countries with differing commodity export composition, and countries with differing debt relief status …

support loans and, later on, tax and financial sector reforms. However, exchange rate, monetary and public sector wage …, complemented by, but without undue reliance on, monetary policy. The policies employed to reduce debt and to diversify the economic …

high-yield bonds. However, unlike returns on these bonds, emerging market debt returns do not seem significantly correlated …We estimate ex post returns to emerging market debt by combining secondary-market prices with observed flows based on … bond. This reflects the combined effect of the 1980s debt crisis and much higher returns during 1989-2000. Annual returns …

This paper analyzes the Corporation of Foreign Bondholders (CFB), an association of British investors holding bonds …, arranging successfully for many important debt restructurings, though failing persistently in a few cases. While a revamped …

features of their external capital structure in terms of the relative importance of FDI, portfolio equity, and external debt …