This paper introduces the concept of debt intolerance,' which manifests itself in the extreme duress many emerging markets experience at debt levels that would seem manageable by advanced country standards. We argue that safe' external debt-to-GNP thresholds for debt intolerant countries are...

This paper introduces the concept of debt intolerance,' which manifests itself in the extreme duress many emerging markets experience at debt levels that would seem manageable by advanced country standards. We argue that safe' external debt-to-GNP thresholds for debt intolerant countries are...

Sovereign debt and its restructuring -- Holdout creditor problems and foreign law debt : the Argentine debt restructurings in courts and tribunals (2001-2016) -- Holdout creditor problems and domestic law debt : the Greek debt restructuring in courts and tribunals (2012-2020) -- Holdouts in...