Sovereign debt restructuring and debt sustainability : an analysis of recent cross-country experience / Harald Finger and Mauro Mecagni.
By: Finger, Harald
Contributor(s): Mecagni, Mauro | International Monetary Fund
Material type:
TextSeries: Occasional paper (International Monetary Fund): 255Publisher: Washington, DC : International Monetary Fund, 2007Description: v, 39 p. : ill. ; 28 cmISBN: 9781589066106; 1589066103Subject(s): Debt relief -- Developing countries | Debts, Public -- Developing countries | Debt service -- Developing countries | Financial crises -- Developing countriesLOC classification: HG 3891.5 | .F46 2007Online resources: Click here to view draft version online Summary: "In the difficult circumstances where a sovereign debt restructuring becomes unavoidable, restoring the country's debt to a sustainable path is key to ensuring a credible and durable exit from the crisis. In recent years, a number of countries -- including Argentina, the Dominican Reputlic, Ecuador, Moldova, Pakistan, Russia, Ukraine, and Uruguay -- have had to restructure their sovereign liabilities, either following a default, or preemptively to avoid a default. This study takes stock of these countries' experiences with debt-restructuring operations, with a view to assessing the outcomes and whether debt sustainability has been restored. The emphasis of the study is on sovereign debt owed to private creditors, and the analysis is based on information available as of late 2005..." -- preface, v.
| Item type | Current location | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|
| Books | The MUA Library South C campus | HG 3891.5 .F46 2007 (Browse shelf) | Available | 2020-0173 |
Includes bibliographical references (p. 36-37).
"In the difficult circumstances where a sovereign debt restructuring becomes unavoidable, restoring the country's debt to a sustainable path is key to ensuring a credible and durable exit from the crisis. In recent years, a number of countries -- including Argentina, the Dominican Reputlic, Ecuador, Moldova, Pakistan, Russia, Ukraine, and Uruguay -- have had to restructure their sovereign liabilities, either following a default, or preemptively to avoid a default. This study takes stock of these countries' experiences with debt-restructuring operations, with a view to assessing the outcomes and whether debt sustainability has been restored. The emphasis of the study is on sovereign debt owed to private creditors, and the analysis is based on information available as of late 2005..." -- preface, v.
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