Front Cover -- Title Page -- Copyright Information -- Table of Contents -- Acknowledgments -- Introduction -- Historical Context: The Export of Capital and Sovereign Debt Crises, 1815-1914 -- Part I: External Financing During the Interwar Period and the Great Depression, 1919-39 -- Private...

Historical context: the export of capital, 1815-1914 -- External financing during the interwar period and the Great Depression, 1919-39 -- Private market lending -- Debt service disruptions -- International relations and interwar external sovereign debts -- External sovereign debt, syndicated...

The first two decades of the twenty-first century witnessed a series of large-scale sovereign defaults and debt restructurings, in which sovereigns struggled to negotiate with recalcitrant bondholders, particularly hedge funds. Also, the outbreak of the COVID-19 pandemic in 2020 heralded a bleak...

Past cycles of sovereign lending and default suggest that debt crises will recur at some point. This book shows why investors should reckon with similar credit events in the future. Surveying the sovereign bond market, the author provides investors with a useful toolkit for analyzing sovereign...