This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly … constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950â …€“2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris …

and restructuring in two distinct samples: 1920-1939, focusing on the defaults on official (government to government) debt …This paper studies sovereign debt relief in a long-term perspective. We quantify the relief achieved through default … in advanced economies after World War I; and 1978-2010, focusing on emerging market debt crises with private external …

archive of more than 300 sovereign debt restructurings since 1815, we show that full repudiation is rare; the median haircut …

archive of more than 300 sovereign debt restructurings since 1815, we show that full repudiation is rare; the median haircut …

-scale “sovereign bailouts” from abroad; and (vi) creditor threats to litigate and hold out in a debt restructuring. Many of these …How will sovereign debt markets evolve in the 21st century? We survey how the literature has responded to the eurozone … debt crisis, placing “lessons learned” in historical perspective. The crisis featured: (i) the return of debt problems to …

-scale sovereign bailouts from abroad; and (vi) creditor threats to litigate and hold out in a debt restructuring. Many of these …How will sovereign debt markets evolve in the 21st century? We survey how the literature has responded to the eurozone … debt crisis, placing "lessons learned" in historical perspective. The crisis featured: (i) the return of debt problems to …

archive of more than 300 sovereign debt restructurings since 1815, we show that full repudiation is rare; the median haircut …