Debt Crises and the Development of International Capital Markets /
Crises on external sovereign debt are typically defined as defaults. Such a definition accurately captures debt-servicing difficulties in the 1980s, a period of numerous defaults on bank loans. However, defining defaults as debt crises is problematic for the 1990s, when sovereign bond markets emerge...
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| Format: | Book |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2004
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| Series: | IMF Working Papers ;
Working Paper No. 04/44 IMF eLibrary |
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