Is aggregation a problem for sovereign debt restructuring

American Economic Review

Volumn 93, Issue 2, 2003, Pages 80-84

  Eichengreen, Barry ^a   Mody, Ashoka ^b  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b INTERNATIONAL MONETARY FUND   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 2942718929     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/000282803321946840     Document Type: Conference Paper

References (12)

1. Bolton, Patrick. "Towards a Statutory Approach to Sovereign Debt Restructuring: Lessons from Corporate Bankruptcy Practice Around the World." Mimeo, Princeton University, 2002.
2. Cantor, Richard and Packer, Frank. "Determinants and Impact of Sovereign Credit Ratings." Federal Reserve Bank of New York Policy Review, October 1995, 2(2), pp. 37-53.
3. Cline, William and Barnes, Kevin. "Spreads and Risk in Emerging Market Lending." Institute of International Finance (Washington, DC) Research Paper No. 97-1, December 1997.
4. Dooley, Michael. "Can Output Losses Following International Financial Crises Be Avoided?" National Bureau of Economic Research (Cambridge, MA) Working Paper No. 7531, February 2000.
5. Edwards, Sebastian. "The Pricing of Bonds and Bank Loans in International Markets." European Economic Review, June 1986, 30(3), pp. 565-89.
6. Eichengreen, Barry and Mody, Ashoka. "What Explains the Changing Spreads on Emerging Market Debt? Fundamentals or Market Sentiment?" in Sebastian Edwards, ed., Capital flows and the emerging economies: Theory, evidence and controversies. Chicago: University of Chicago Press, 2002a, pp. 107-36.
7. _. "Would Collective Action Clauses Raise Borrowing Costs?" National Bureau of Economic Research (Cambridge, MA) Working Paper No. 7458, January 2000b.
8. Kamin, Steven and van Kleist, Karsten. "The Evolution and Determinants of Emerging Market Credit Spreads in the 1990s." Mimeo, Federal Reserve Board, Washington, DC, 1997.
9. Krueger, Anne. "International Financial Architecture for 2002: A New Approach to Sovereign Debt Restructuring." Address by Anne Krueger, First Deputy Managing Director, International Monetary Fund, given at the National Economists' Club Annual Members' Dinner, American Enterprise Institute, Washington, DC, 2001.
10. _. "New Approaches to Sovereign Debt Restructuring: An Update on Our Thinking." Address by Anne Krueger, First Deputy Managing Director, International Monetary Fund, given at the Institute for International Economics Conference on Sovereign Debt Workouts, Washington, DC, 2002.
11. Taylor, John. "Sovereign Debt Restructuring: A U.S. Perspective." Treasury News, 2002a. [Available online: 〈www.treas.gov/ press/releases/po2056.htm〉.]
12. _. "Using Clauses to Reform the Process for Sovereign Debt Workouts: Progress and Next Steps." Prepared remarks at the EMTA Annual Meeting, Office of Public Affairs, U.S. Treasury, Release No. PO-3672, 2002b.