Trebesch, Christoph; Papaioannou, Michael G; Das, Udaibir S. - International Monetary Fund (IMF) - 2012
This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly …€“2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris … Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts …