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Finger, Harald.

Sovereign Debt Restructuring and Debt Sustainability An Analysis of Recent Cross-Country Experience / Harald Finger. [electronic resource] : Harald Finger. - Washington, D.C. : International Monetary Fund, 2007. - 1 online resource (45 p.) - Occasional Papers; Occasional Paper ; No. 255 . - Occasional Papers; Occasional Paper ; No. 255 .

Restoring a country's debt to a sustainable path after a sovereign debt restructuring is key to ensuring a credible and durable exit from the crisis. In recent years, a number of countries have restructured their sovereign liabilities, either following a default, or preemptively, to avoid a default. This Occasional Paper takes stock of the experiences of some of these countries--Argentina, the Dominican Republic, Ecuador, Moldova, Pakistan, Russia, Ukraine, and Uruguay--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.

ISBN: 1589066103 : 28.00 USD

ISSN: 0251-6365

Standard No.: 10.5089/9781589066106.084 doi

Subjects--Topical Terms:
Bonds
Debt Restructuring
Debt Sustainability
Public Debt
Sovereign Debt

Subjects--Geographic Terms:
Argentina
Dominican Republic
Pakistan
Ukraine
Uruguay