the risk of default of public debt, as well as the negative consequences of non-repayment of sovereign debt. The … elements that influence the risks of an economy's indebtedness, some aspects of debt sustainability, the factors influencing … conclusions of the article show that the effects of loans on the debtor economy depend on how they are used; also, the risks of a …

macroeconomic and legal factors influence the choice of haircut. Our model contributes to the debate on sovereign debt restructuring …We offer an analytical framework for studying "pre-emptive" debt exchanges. Countries can tailor a sovereign bankruptcy … optimal to prioritise the rights of holdout creditors during litigation so that they are always paid in full. We clarify how …

facilitate debt repayment, as well as limits on the government's ability to avoid defaulting. The article then examines the … debt restructuring or even a possible IMF bailout …This article examines how a U.S. debt default might occur, how it could be avoided, its potential consequences if not …

suspensions without haircuts on the face value of debt obligations. We quantify the effects of standstills using a standard …As a response to economic crises triggered by COVID-19, sovereign debt standstill proposals emphasize debt payment … standstill also implies capital losses for creditors of between 9% and 27%, which is consistent with their reluctance to …