The Role of State-Contingent Debt Instruments in Sovereign Debt Restructurings
Author/Editor: Charles Cohen, S M Ali Abbas, Myrvin Anthony, Tom Best, Peter Breuer, Hui Miao, Alla Myrvoda, Eriko Togo
Release Date: © November, 2020
ISBN
: 978-1-51355-130-2
Stock #: SDNET2020006
English
Languages and formats available
| English | French | Spanish | Arabic | Russian | Chinese | Portuguese | |
| Paperback | Yes | ||||||
| Yes | |||||||
| ePub | Yes |
Description
The COVID-19 crisis may lead to a series of costly and inefficient sovereign debt restructurings. Any such restructurings will likely take place during a period of great economic uncertainty, which may lead to protracted negotiations between creditors and debtors over recovery values, and potentially even relapses into default post-restructuring. State-contingent debt instruments (SCDIs) could play an important role in improving the outcomes of these restructurings.
More publications in this series: Staff Discussion Notes
More publications by: Charles Cohen ; S M Ali Abbas ; Myrvin Anthony ; Tom Best ; Peter Breuer ; Hui Miao ; Alla Myrvoda ; Eriko Togo
