Sovereign Debt Restructurings 1950-2010 : Literature Survey, Data, and Stylized Facts /

This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950-2010; it includes 186 debt exchanges with foreign banks and...

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书目详细资料
主要作者: Trebesch, Christoph
其他作者: Das, Udaibir, Papaioannou, Michael
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 2012.
丛编:IMF Working Papers; Working Paper ; No. 2012/203
在线阅读:Full text available on IMF
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100 1 |a Trebesch, Christoph. 
245 1 0 |a Sovereign Debt Restructurings 1950-2010 :   |b Literature Survey, Data, and Stylized Facts /  |c Christoph Trebesch, Michael Papaioannou, Udaibir Das. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2012. 
300 |a 1 online resource (128 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950-2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses. 
538 |a Mode of access: Internet 
700 1 |a Das, Udaibir. 
700 1 |a Papaioannou, Michael. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/203 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2012/203/001.2012.issue-203-en.xml  |z IMF e-Library