Sovereign Default Risk Valuation Implications of Debt Crises and Bond Restructurings /
Past cycles of sovereign lending and default in emerging markets suggest that debt crises will recur at some point. In addressing debt crises it has proven helpful to distinguish between situations of illiquidity and insolvency. Solutions range from a voluntary debt swap to a soft or hard restructur...
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| Format: | Electronic eBook |
| Language: | English |
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Berlin, Heidelberg :
Springer Berlin Heidelberg,
2006.
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| Series: | Lecture Notes in Economics and Mathematical Systems,
582 |
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| Online Access: | Full Text via HEAL-Link |
