Sovereign Debt Restructuring and Growth

Sovereign Debt Restructuring and Growth
This paper studies the effect of sovereign debt restructurings with external private creditors on growth during the period 1970-2010. We find that there are bad and good (or not so bad) debt restructurings for growth. While growth generally declines in the aftermath of a sovereign debt restructuring, agreements that allow countries to exit a... READ MORE...

Publication date: July 2016
ISBN 9781498382236
$18.00

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