01940cas a2200265 a 4500 AALejournalIMF012101 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475505535 1018-5941 BD-DhAAL BD-DhAAL Trebesch, Christoph. Sovereign Debt Restructurings 1950-2010 : Literature Survey, Data, and Stylized Facts / Christoph Trebesch, Michael Papaioannou, Udaibir Das. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (128 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950-2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses. Mode of access: Internet Das, Udaibir. Papaioannou, Michael. IMF Working Papers; Working Paper ; No. 2012/203 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/203/001.2012.issue-203-en.xml IMF e-Library