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Back to the future : a sovereign debt standstill mechanism IMF Article VIII, Section 2 (b)

Munevar, Daniel; Pustovit, Grygoriy - 2020

creditors for a sovereign debt standstill. The proposal builds on the original idea by Whitney Deveboise (1984). Using arguments … litigation strategies from holdout creditors in numerous jurisdictions, including the US and the UK. Fourth, courts in key … jurisdictions would avoid becoming overburdened by a cascade of sovereign debt litigation covering creditors and debtors across the …

Persistent link: https://www.econbiz.de/10012231966

From debt collection to relief provision : 60 years of official debt restructurings through the Paris Club

Cheng, Gong; Díaz Cassou, Javier; Erce, Aitor - 2017

Despite the frequency of official debt restructurings, little systematic evidence has been produced on their characteristics and implications. Using a dataset covering more than 400 Paris Club agreements, this paper aims to fill that gap. It provides a comprehensive description of the evolving...

Persistent link: https://www.econbiz.de/10011581662

GDP-linked or similar instruments in sovereign debt restructurings

Walker, Mark A. - In: Sovereign GDP-linked bonds : rationale and design, (pp. 89-96). 2018

Persistent link: https://www.econbiz.de/10012054737

Official debt restructurings and development

Cheng, Gong; Díaz Cassou, Javier; Erce, Aitor - In: World development : the multi-disciplinary … 111 (2018), pp. 181-195

Persistent link: https://www.econbiz.de/10011982070

Beyond Abaclat : mass claims in investment treaty arbitration and regulatory governance for sovereign debt restructuring

Nakajima, Kei - In: The journal of world investment & trade : law, … 19 (2018) 2, pp. 208-247

Persistent link: https://www.econbiz.de/10012026151

Sovereign debt restructurings

Dvorkin, Maximiliano A.; Sanchez, Juan M.; Sapriza, Horacio - 2018

Sovereign debt crises involve debt restructurings characterized by a mix of face-value haircuts and maturity extensions. The prevalence of maturity extensions has been hard to reconcile with economic theory. We develop a model of endogenous debt restructuring that captures key facts of sovereign...

Persistent link: https://www.econbiz.de/10011911551