Debt Crises and the Development of International Capital Markets /
Crises on external sovereign debt are typically defined as defaults. Such a definition accurately captures debt-servicing difficulties in the 1980s, a period of numerous defaults on bank loans. However, defining defaults as debt crises is problematic for the 1990s, when sovereign bond markets emerge...
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| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2004.
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| Colección: | IMF Working Papers; Working Paper ;
No. 2004/044 |
| Acceso en línea: | Full text available on IMF |