in the bid-ask prices faced by banks and distressed-debt investors continues to stall efforts to create a liquid … distressed-debt market. This paper asserts that the wedge between the prices faced by different participants is primarily a … result of different valuation methods employed by banks and distressed-debt investors. On the one hand, banks do not …

leverage (Net Debt/Asset) decreased by 5.3 percentage points from the pre-shock mean of 19.6 percent, while debt maturity …

The reasons for the growth of interenterprise debt are analyzed. It is suggested that it results mainly from the …

This paper reviews Latvia’s efforts to manage the increase in debt distress resulting from the unwinding of the 2000 … incentives for marked-based debt resolution by improving the legal framework for credit enforcement, introducing tax incentives … for debt write-downs, and strengthening financial sector supervision. These measures have started to yield results, but …

discusses the trends in emerging market corporate debt and leverage, and illustrates how those firms are vulnerable to interest …’ ability to service debt and lead to higher debt at risk, especially in countries with high shares of foreign currency debt and …