Search Results for sovereign default

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We show that cross-country differences in the underlying volatility and persistence of...

This paper examines the causes, processes, and outcomes of Belize’s 2016–17 sovereign debt...

Rejecting a common assumption in the sovereign debt literature, we document that creditor losses...

This paper provides a tractable framework to assess how the structure of debt instruments—...

We quantify gains from introducing non-defaultable debt as a limited additional financing option...

This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings,...