Eaton, Jonathan; Fernandez, Raquel - In: Handbook of international economics : volume 3, (pp. 2031-2077). 1995
This chapter focuses on specific problems posed by sovereign debt (that is, debt incurred by governments, typically … those of developing countries) to foreign investors seeking a competitive return. Most recently sovereign debt has taken the … bonds issued in foreign capital markets. Whatever form it has taken, three broad facts have characterized sovereign debt: (1 …