Restructuring sovereign debt, 1950–2010: From process to outcomes

Reinhart and Rogoff (2009) provide an impressive account of the history of sovereign debt crises over the past 200 years. However, they do not discuss the patterns of crisis resolution in detail. How frequent are sovereign debt restructurings? What amounts have been restructured? How long does it…

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Restructuring sovereign debt, 1950–2010: From process to outcomes

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