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Appendix I. The Role of the IMF

Appendix I. The Role of the IMF »

Source: Sovereign Debt Restructuring and Debt Sustainability : An Analysis of Recent Cross-Country Experience

Series: Occasional Papers

Author(s): Harald Finger , and Mauro Mecagni

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2007

ISBN: 9781589066106

Keywords: public debt, bonds, sovereign debt, debt restructuring, debt sustainability

The restructurings generally occurred while IMF arrangements were in place. 49 All eight countries had an IMF arrangement when they restructured th...

Appendix II. Outcomes of Recent Restructurings

Appendix II. Outcomes of Recent Restructurings »

Source: Sovereign Debt Restructuring and Debt Sustainability : An Analysis of Recent Cross-Country Experience

Series: Occasional Papers

Author(s): Harald Finger , and Mauro Mecagni

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2007

ISBN: 9781589066106

Keywords: public debt, bonds, sovereign debt, debt restructuring, debt sustainability

In September and October 1998, Ukraine restructured treasury bills equivalent to approximately $300 million and held by nonresidents into a two-year zero-coupon Eurobond with an ann...

Appendix III. Debt Decompositions in the Post-Restructuring Phase

Appendix III. Debt Decompositions in the Post-Restructuring Phase »

Source: Sovereign Debt Restructuring and Debt Sustainability : An Analysis of Recent Cross-Country Experience

Series: Occasional Papers

Author(s): Harald Finger , and Mauro Mecagni

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2007

ISBN: 9781589066106

Keywords: public debt, bonds, sovereign debt, debt restructuring, debt sustainability

This appendix provides an analysis of the comparison between the actual debt dynamics of the countries in their post-restructuring periods with the projections in the IMF staff repo...

Appendix IV Public Debt Ratios and Probabilities of Debt Crises

Appendix IV Public Debt Ratios and Probabilities of Debt Crises »

Source: Sovereign Debt Restructuring and Debt Sustainability : An Analysis of Recent Cross-Country Experience

Series: Occasional Papers

Author(s): Harald Finger , and Mauro Mecagni

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2007

ISBN: 9781589066106

Keywords: public debt, bonds, sovereign debt, debt restructuring, debt sustainability

We analyze the relationship between the probability of a crisis and the ratio of public debt to GDP using a pooled probit model on an unbalanced sample of 55 low- and middle-income...

Dominican Republic

Dominican Republic »

Source: Dominican Republic : Statistical Annex

Volume/Issue: 1997/87

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 1997

ISBN: 9781451811278

Keywords: central bank, current account, private banks, current account balance, bonds

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discuss...

I. Overview

I. Overview »

Source: Sovereign Debt Restructuring and Debt Sustainability : An Analysis of Recent Cross-Country Experience

Series: Occasional Papers

Author(s): Harald Finger , and Mauro Mecagni

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2007

ISBN: 9781589066106

Keywords: public debt, bonds, sovereign debt, debt restructuring, debt sustainability

In the extreme circumstances where a restructuring of sovereign debt becomes unavoidable, an overarching objective is to restore the country’s debt to a sustainable path—a situation in which the borrower is...

II. Cross-Country Experience with Recent Sovereign Debt Restructurings

II. Cross-Country Experience with Recent Sovereign Debt Restructurings »

Source: Sovereign Debt Restructuring and Debt Sustainability : An Analysis of Recent Cross-Country Experience

Series: Occasional Papers

Author(s): Harald Finger , and Mauro Mecagni

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2007

ISBN: 9781589066106

Keywords: public debt, bonds, sovereign debt, debt restructuring, debt sustainability

To provide the context, the initial conditions that led to a restructuring of sovereign debt are examined; then the scope and salient features of the debt restructurings are reviewed; and, finally, the outco...

III. Sovereign Debt Restructuring and Debt Sustainability

III. Sovereign Debt Restructuring and Debt Sustainability »

Source: Sovereign Debt Restructuring and Debt Sustainability : An Analysis of Recent Cross-Country Experience

Series: Occasional Papers

Author(s): Harald Finger , and Mauro Mecagni

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2007

ISBN: 9781589066106

Keywords: public debt, bonds, sovereign debt, debt restructuring, debt sustainability

Given the different initial conditions, scopes, and outcomes of each of the debt operations, this chapter attempts to examine the extent to which debt sustainability has been restored. However, assessing the...

Dominican Republic
			: Statistical Annex

Dominican Republic : Statistical Annex »

Volume/Issue: 1997/87

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 1997

DOI: http://dx.doi.org/10.5089/9781451811278.002

ISBN: 9781451811278

Keywords: central bank, current account, private banks, current account balance, bonds

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discuss...

The Problem that Wasn't
			: Coordination Failures in Sovereign Debt Restructurings

The Problem that Wasn't : Coordination Failures in Sovereign Debt Restructurings »

Volume/Issue: 2011/265

Series: IMF Working Papers

Author(s): Jeronimo Zettelmeyer , Marcos Chamon , and Ran Bi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

DOI: http://dx.doi.org/10.5089/9781463924645.001

ISBN: 9781463924645

Keywords: exit consents, creditor coordination, bond, bonds, debt restructuring, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Macroeconomic Aspects of International Trade and Finance: Other, International Law,

Contrary to widespread expectation, debt renegotiations in the era of bond finance have generally been quick and involved little litigation. We present a model that rationalizes the initial fears and offers interpr...