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

著者

    • Finger, Harald
    • Mecagni, Mauro

書誌事項

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

Harald Finger and Mauro Mecagni

(Occasional paper / International Monetary Fund, no. 255)

International Monetary Fund, 2007

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注記

Includes bibliographical references

内容説明・目次

内容説明

After a sovereign debt restructuring, 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 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.

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  • Occasional paper

    International Monetary Fund

    International Monetary Fund

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