The Role of State-Contingent Debt Instruments in Sovereign Debt Restructurings
| Author | : Charles Cohen |
| Publisher | : INTERNATIONAL MONETARY FUND |
| Total Pages | : |
| Release | : 2020-11-19 |
| ISBN-10 | : 1513556487 |
| ISBN-13 | : 9781513556482 |
| Rating | : 4/5 (482 Downloads) |
Download or read book The Role of State-Contingent Debt Instruments in Sovereign Debt Restructurings written by Charles Cohen and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-11-19 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
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