Canuto, Otaviano; Pinto, Brian; Prasad, Mona - In: World Bank Research Observer 29 (2014) 1, pp. 109-135
An orderly sovereign debt restructuring should place the debtor nation's public debt on a sustainable trajectory while minimizing procrastination and contagion. However, the experiences with the debt crisis of the 1980s, Russia 1998, Argentina 2001, and Greece 2010 indicate that orderly debt...
