Munich Personal RePEc Archive

External sovereign debt restructurings: Delay and replay

Graf Von Luckner, Clemens and Meyer, Josefin and Reinhart, Carmen and Trebesch, Christoph (2021): External sovereign debt restructurings: Delay and replay. Published in: VoxEU (30 March 2021): pp. 1-7.

[thumbnail of VoxEU_March_30_2021.pdf]

Download (317kB) | Preview


Today, more than half of low-income countries eligible for relief under the Debt Service Suspension Initiative (DSSI) are either in debt distress or at high risk. Several emerging markets have either recently restructured (Argentina and Ecuador) or remain in default (Lebanon, Surinam, and Venezuela). In this context, we review some of the features of external sovereign debt restructurings. We show that default spells are lengthy and that the road to debt-crisis resolution is often littered with serial restructuring agreements.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.