Front Matter Page
Fiscal Affairs Department
Contents
Abstract
I. Introduction
II. Sovereign Debt Restructurings and Growth
III. Data, Definitions and Stylized Facts
IV. The Aftermath of Sovereign Debt Restructuring: Econometric Analysis
A. Methodology
B. Results
C. Robustness Checks
V. Debt Reduction, Debt Level and Growth Performance
VI. Conclusion
References
Tables
1. Summary Statistics, 1970-2010
Figures
1. Average Per Capita Real GDP around Sovereign Debt Restructuring Episodes
2. Conditional Expectation Relative to "Tranquil Times" of Per Capita Real GDP
Appendices
I. Definitions and Data Sources
II. Characteristics of Restructuring Events, 1970-2010
III. Debt Reduction and Growth Performance