Haircuts : Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005 /

This paper estimates bond-by-bond "haircuts"-realized investor losses-in recent debt restructurings in Russia, Ukraine, Pakistan, Ecuador, Argentina, and Uruguay. We consider both external and domestic retructurings. Haircuts are computed as the percentage difference between the present va...

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Autor principal: Zettelmeyer, Jeromin
Altres autors: Sturzenegger, Federico
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2005.
Col·lecció:IMF Working Papers; Working Paper ; No. 2005/137
Accés en línia:Full text available on IMF