the South Sea operation of 1720. I discuss the reasons for the restructuring and the tensions it revealed between …

correlated with the size of the haircut. Second, it performs an event study around Ecuador’s sovereign default and restructuring … of 2008–2009 to study changes in domestic bank lending behavior. After external debt restructuring, private lending … beliefs across domestic banks, which leads to a misallocation of credit. External debt restructuring eliminates domestic …

Part I. Fundamentals -- Chapter 1. Reprise – The Five Phases of Restructuring -- Chapter 2. Debt Distress in the EMs … -- Chapter 3. Ten Observations - Corporate Debt Restructuring in the EMs -- Part II. Application -- Chapter 4. Case 1 – Horizon … -- Chapter 10. Restructuring Strategy: Nash meets Lorenz and Freud.-Chapter 11. The Practitioner’s Assessment of an Emerging …

findings under two assumptions, both of which are satisfied in the data: increasing short-run restructuring risk in the run …-up to a restructuring, and high exit yields. We relate our findings to the policy debate on restructuring procedures. …