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Delays in debt restructuring negotiations are widely regarded as inefficient. This paper argues...

This note examines the impact of measurable and unmeasurable (not correlated with observed...

Experience with multilateral debt restructurings with official creditors and with international...

We develop a formula for the market value of debt when the borrower's repayment capacity varies...

The Web edition of the IMF Survey is updated several times a week, and contains a wealth of...

This paper reviews key findings of the IMF's Annual Report for the fiscal year ended April 30,...