Sovereign debt restructuring and debt sustainability : an analysis of recent cross-country experience /

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Bibliographic Details
Author / Creator:	Finger, Harald.
Imprint:	Washington, DC : International Monetary Fund, 2007.
Description:	1 online resource (v, 39 p. :) ill.
Language:	English
Series:	Occasional paper ; 255 Occasional paper (International Monetary Fund) ; 255.
Subject:	Debt relief -- Developing countries. Debts, Public -- Developing countries. Debt service -- Developing countries. Financial crises -- Developing countries. Debt relief Debt service Debts, Public Financial crises Developing countries
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/14154517

Hidden Bibliographic Details
Other authors / contributors:	Mecagni, Mauro. International Monetary Fund.
ISBN:	9781589066106 1589066103
Notes:	Includes bibliographical references (p. 36-37).
Summary:	"In the difficult circumstances where a sovereign debt restructuring becomes unavoidable, restoring the country's debt to a sustainable path is key to ensuring a credible and durable exit from the crisis. In recent years, a number of countries -- including Argentina, the Dominican Reputlic, Ecuador, Moldova, Pakistan, Russia, Ukraine, and Uruguay -- have had to restructure their sovereign liabilities, either following a default, or preemptively to avoid a default. This study takes stock of these countries' experiences with debt-restructuring operations, with a view to assessing the outcomes and whether debt sustainability has been restored. The emphasis of the study is on sovereign debt owed to private creditors, and the analysis is based on information available as of late 2005..." -- preface, v.

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