Creditors' losses versus debt relief: Results from a decade of sovereign debt crises

Journal of the European Economic Association

Volumn 5, Issue 2-3, 2007, Pages 343-351

  Sturzenegger, Federico ^a,b   Zettelmeyer, Jeromin ^c  

^a HARVARD UNIVERSITY   (United States)

^b UNIVERSIDAD TORCUATO DI TELLA   (Argentina)

^c INTERNATIONAL MONETARY FUND   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 36749099944     PISSN: 15424766     EISSN: 15424774     Source Type: Journal    
DOI: 10.1162/jeea.2007.5.2-3.343     Document Type: Conference Paper

References (9)

1. Andritzky, Jochen (2006). Sovereign Default Risk Valuation. Springer.
2. Finger, Harald, Julie Kozack, Mauro Mccagni, Krishna Srinivasan, and Gabriel Sterne (2006). "Cross-Country Experience with Restructuring of Sovereign Debt and Restoring Debt Sustainability." Working paper, International Monetary Fund.
3. Gelos, Gaston, Ratna Sahay, and Guido Sandleris (2004). "Sovereign Borrowing by Developing Countries: What Determines Market Access?" IMF Working Paper 04/221.
4. González Rozada, Martín, and Eduardo Levy Yeyati (2005). "Global Factors and Emerging Market Spreads." Working paper, Universidad Torcuato di Tella, Buenos Aires.
5. Kamin, Steven B., and Karsten von Kleist (1999). "The Evolution and Determinants of Emerging Market Credit Spreads in the 1990s." BIS Quarterly Review, November, 36-44.
6. Kashiwase, Kenichiro, and Laura E. Kodres (2005). "Emerging Market Spread Compression: Is It Real or Is It Liquidity?" Working paper, International Monetary Fund.
7. Sturzenegger, Federico, andJeromin Zettelmeyer (2005). "Haircuts: Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005." IMF Working Paper No. 05/137.
8. Sturzenegger, Federico, and Jeromin Zettelmeyer (2006a). "Creditors Losses versus Debt Relief: Results from a Decade of Sovereign Debt Crises" Paper presented at the 2006 Annual Congress of the European Economic Association.
9. Sturzenegger, Federico, and Jeromin Zettelmeyer (2006b). Debt Defaults and Lessons from a Decade of Crises. MIT Press.