Trade Costs of Sovereign Debt Restructurings : Does a Market-Friendly Approach Improve the Outcome? /

Sovereign debt restructurings have been shown to influence the dynamics of imports and exports. This paper shows that the impact can vary substantially depending on whether the restructuring takes place preemptively without missing payments to creditors, or whether it takes place after a default has...

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Detalhes bibliográficos
Autor principal: Asonuma, Tamon
Outros Autores: Chamon, Marcos, Sasahara, Akira
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2016.
coleção:IMF Working Papers; Working Paper ; No. 2016/222
Acesso em linha:Full text available on IMF

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