A Survey of Experiences with Emerging Market Sovereign Debt Restructurings

Date:	June 5, 2012
Electronic Access:	Full Text
Summary: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.
Series :	Policy Paper
Subject(s):	Emerging markets | Sovereign Debt Restructuring Mechanism | Financial stability | Debt restructuring