Asonuma, Tamon; Papaioannou, Michael G.; Togo, Eriko; … - In: Journal of Banking and Financial Economics (JBFE) (2020) 14, pp. 47-67
This paper examines the causes, process, and outcome of Belize's 2016-17 sovereign debt restructuring - its third episode in last 10 years. As was the case in the earlier two restructurings, in 2006-07 and in 2012-13, the 2016-17 debt restructuring was executed through collaborative engagement...