Series: IMF Working Papers
Author(s): Amadou Sy , and Andrea Pescatori
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2004
Keywords: Bond spreads, debt crisis, bond, debt crises, sovereign bond, bonds, Financial Institutions and Services: General,
Crises on external sovereign debt are typically defined as defaults. Such a definition accurately captures debt-servicing difficulties in the 1980s, a period of numerous defaults on bank loans. However, defining de...