This essay describes fundamental flaws in the sovereign debt restructuring regime, but questions the prevailing … arguments for sovereign bankruptcy. I conclude that efficient debt outcomes may well come about without bankruptcy, but that a …

This paper studies the relationship between sovereign debt default and annual GDP growth taking into account the depth … of a debt restructuring and distinguishing between private and official deals, as well as between debt flow and stock … different growth outcomes. Most importantly, controlling for the severity of the debt crisis, we are able to detect a more …

This paper argues that sovereign debt restructurings as agreed between defaulting states and their multilateral … international public authority, sovereign debt restructurings need to be framed by public law in order to ensure their legitimacy … such a public law framework.The paper then proposes a set of legal principles for sovereign debt restructurings. Some of …

insolvency. To deal with the Sovereign Debt restructuring issues the international practice has developed different approaches …In the last three decades, only developing countries dealt with the shadow of debt defaults but the recent European … sovereign debt crises showed that even an high-income developed country might be locus of primary concern for sovereign debt …