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Since the early 1980s, patterns of emerging market finance have
changed significantly. Greater integration of capital markets and a
trend toward a greater use of direct lending through bonds has led...
ALTERNATIVE APPROACHES TO SOVEREIGN DEBT RESTRUCTURING
SOVEREIGN DEBT RESTRUCTURING sovereign debt crises debtor country
2008/11/10
Serious gaps exist in the means available to deal with sovereign
debt crises. In recent cases of sovereign default, both the debtor
country and its creditors have paid large costs, in terms of lost ...