Sovereign Debt Standstills /

As a response to economic crises triggered by COVID-19, sovereign debt standstill proposals emphasize debt payment suspensions without haircuts on the face value of debt obligations. We quantify the effects of standstills using a standard default model. We find that a one-year standstill generates w...

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書目詳細資料
主要作者: Hatchondo, Juan Carlos
其他作者: Martinez, Leonardo, Sosa Padilla, Cesar
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 2020.
叢編:IMF Working Papers; Working Paper ; No. 2020/290
在線閱讀:Full text available on IMF