A Survey of Experiences with Emerging Market Sovereign Debt Restructurings
June 5, 2012
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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.
Subject: Debt restructuring, Emerging markets, Financial stability, Sovereign Debt Restructuring Mechanism
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Policy Papers
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