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your guide, you'll gain a better perspective on the essential issues surrounding sovereign debt and default through … future of sovereign debt The repercussions of a national default are all-encompassing as global markets are intricately …
Persistent link: https://www.econbiz.de/10009012998
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in the 1970s, several debt exchanges have increasingly been required to resolve a default. To understand this new … phenomenon better, this Weekly Report looks at total creditor losses across all restructurings during a default spell. Instead of … focusing on each individual restructuring, the cumulative haircut adds up all losses across a default spell. These calculations …
Persistent link: https://www.econbiz.de/10014477332
We review the literature on sovereign debt. We organize our survey around three central questions: (1) Why do sovereign debtors ever repay their debts? (2) What burdens, in the form of distortions and inefficiencies, does sovereign debt impose? and (3) How might debt be restructured to reduce...
Persistent link: https://www.econbiz.de/10012473755
We review the literature on sovereign debt. We organize our survey around three central questions: (1) Why do sovereign debtors ever repay their debts? (2) What burdens, in the form of distortions and inefficiencies, does sovereign debt impose? and (3) How might debt be restructured to reduce...
Persistent link: https://www.econbiz.de/10012763742
Sovereign defaults are bad news for investors and debtor countries, in particular if a default becomes messy and … to exit a default quickly …
Persistent link: https://www.econbiz.de/10012910995
Sovereign debt crises have been recurrent events over the past two centuries. In recent years, the timing of sovereign crises has coincided or has directly followed banking crises. The link between sovereigns and banks tightened as the contingent liability that the banking sector represents for...
Persistent link: https://www.econbiz.de/10013032764
literatures on the costs and causes of defaults. It describes the adverse impact of sovereign default risk on the issuing …
Persistent link: https://www.econbiz.de/10014081238
The conventional wisdom is that sovereigns repay their debts not because they fear litigation but because they wish to preserve their reputation in the capital markets or because they have some other incentive to repay. The ongoing case of NML Capital v. Argentina has the potential to shatter...
Persistent link: https://www.econbiz.de/10013088682
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