Trade Costs of Sovereign Debt Restructurings: Does a Market-Friendly Approach Improve the Outcome?
Trade Costs of Sovereign Debt Restructurings: Does a Market-Friendly Approach Improve the Outcome?
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International Monetary Fund
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Language
English
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International Monetary Fund
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Sovereign debt restructurings have been shown to influence the dynamics of imports and exports. This paper shows that the impact can vary substantially depending on whether the restructuring takes place preemptively without missing payments to creditors, or whether it takes place after a default has occurred. We document that countries with post-de...
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Full title
Trade Costs of Sovereign Debt Restructurings: Does a Market-Friendly Approach Improve the Outcome?
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TN_cdi_gale_infotraccpiq_477203456
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_gale_infotraccpiq_477203456
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ISSN
1018-5941
DOI
10.5089/9781475553857.001
