Sovereign default risk valuation implications of debt crises and bond restructurings /

Past cycles of sovereign lending and default in emerging markets suggest that debt crises will recur at some point. In addressing debt crises it has proven helpful to distinguish between situations of illiquidity and insolvency. Solutions range from a voluntary debt swap to a soft or hard restructur...

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Main Author: Andritzky, Jochen R.
Other Authors: SpringerLink (Online service)
Format: eBook
Language: English
Published: Berlin ; New York : Springer, ©2006.
Berlin ; New York : [2006]
Physical Description: 1 online resource (xi, 251 pages : illustrations.
Series: Lecture notes in economics and mathematical systems ; 582.
Subjects:

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