A Survey of Experiences with Emerging Market Sovereign Debt Restructurings
This paper takes stock of past episodes of debt restructuring and reviews the relevant literature. Based on cross-country experience from the late 1990s through 2010 of emerging markets it offers some stylized facts.
Publication date: May 2012
ISBN: 9781498340472
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debt restructure , credit event , holdout , participation rate , exchange offer
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