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Sovereign Debt Restructurings 1950-2010.

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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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Trebesch, Christoph
Otros Autores: Papaioannou, Michael G., Das, Udaibir S.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2012.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Trebesch, Christoph. 
245 1 0 |a Sovereign Debt Restructurings 1950-2010. 
260 |a Washington :  |b International Monetary Fund,  |c 2012. 
300 |a 1 online resource (129 pages) 
336 |a text  |b txt  |2 rdacontent 
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505 0 |a Cover; Contents; I. Introduction; II. Basic Concepts; A. What is a Sovereign Debt Restructuring?; B. What is the Difference Between Default and Restructuring?; C. Restructurings and Credit Events; D. "Haircuts" and Calculation of Debt Relief; Figures; 1. A Stylized Example-Total Debt Service Before and After; III. The Process of Sovereign Debt Restructuring; A. Key Elements in a Debt Restructuring Process; 2. Stylized Timeline of a Sovereign Debt Restructuring; B. Restructuring Bilateral Debt: The Paris Club; Tables; 1. Overview of Debt Restructuring Vehicles by Type of Creditor. 
505 8 |a 2. Paris Club Creditors in Selected RestructuringsC. Restructuring Bank Loans: The London Club; Boxes; 1. The Brady Plan; 3. Selected Bank Advisory Committees since the 1980s (London Club Process); D. Sovereign Bond Exchanges; 4. Negotiating with Sovereign Bondholders; E. The Duration of Debt Renegotiations; 3. Restructuring Duration by Type of Debt; F. Pitfalls in the Restructuring Process; IV. Sovereign Debt Restructurings 1950-2010: An Overview; A. When and How Often Was Sovereign Debt Restructured?; 4. Foreign Debt Restructurings by Country (1950-2010). 
505 8 |a 5. Debt Restructurings with Paris Club and Private Creditors6. Bank Loan versus Bond Restructurings (1950-2010); 7. Restructurings with Face Value Debt Reduction (Nominal Write-Offs); B. Characteristics of Bond and Bank Debt Restructurings Since 1998; 5. Characteristics of Main Sovereign Debt Restructurings with Foreign Banks and Bondholders, 1998-2010; C. Financial and Macroeconomic Conditions During Restructuring Episodes; D. Evolution of Credit Ratings During Restructuring Episodes; 8. Financial and Macroeconomic Indicators in Restructuring Periods. 
505 8 |a 6. Sovereign Ratings in Nine Recent Bond Restructurings9. Ratings Evolution during Sovereign Restructuring Episodes; V. Legal Aspects of Sovereign Debt Restructurings; A. Governing Laws; 7. Emerging Market Sovereign Bonds by Governing Law; 10. Bond Issuance in Main Emerging Markets 2003-2010, by Governing Law; 11. Public Bond Issuance in EU Countries 2003-2010, by Governing Law; B. Collective Action Clauses; C. Further Key Bond Clauses; 8. Legal Characteristics of Sovereign Bond Restructurings (1999-2009); D. Creditor Litigation Against Debtor Governments. 
505 8 |a 12. Creditor Litigation after Defaults/Restructurings: New Cases Filed per YearVI. Domestic Sovereign Debt Restructurings; A. Evidence on Domestic Debt Restructurings; 2. The Domestic Restructuring in Jamaica 2010; B. Evidence on Restructurings in a Monetary Union; C. Restructuring "Quasi-Sovereign" Debt; 3. Recent "Quasi-Sovereign" Debt Restructurings; VII. Credit Default Swaps and Sovereign Debt Restructurings; A. The Settlement of Sovereign CDS Contracts; B. Potential Distortions: Insurable Interest and the "Empty Creditor" Problem. 
500 |a VIII. Costs and Implications of Sovereign Debt Restructurings: A Survey. 
520 |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, anal. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Debt relief. 
650 0 |a Debtor and creditor. 
650 6 |a Débiteur et créancier. 
650 7 |a Debt relief  |2 fast 
650 7 |a Debtor and creditor  |2 fast 
700 1 |a Papaioannou, Michael G. 
700 1 |a Das, Udaibir S. 
758 |i has work:  |a Sovereign debt restructurings, 1950-2010 (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGjYHYYqm8r6PvjyGr6YRq  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |a Trebesch, Christoph.  |t Sovereign Debt Restructurings 1950 - 2010: Literature Survey, Data, and Stylized Facts.  |d Washington : International Monetary Fund, ©2012  |z 9781475505535 
830 0 |a IMF Working Papers. 
856 4 0 |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1606943  |z Texto completo 
938 |a EBL - Ebook Library  |b EBLB  |n EBL1606943 
994 |a 92  |b IZTAP