Sunday, February 3, 2019

IMF: Prevention and Resolution of Sovereign Debt Crises

The International Monetary Fund has published Prevention and Resolution of Sovereign Debt Crises (2018), the first volume in the new series “Selected Legal and Institutional Papers.” Here's the abstract:
Prevention and Resolution of Sovereign Debt Crises provides a guided narrative to the IMF's policy papers on sovereign debt produced over the last 40 years. The papers are divided into chapters, tracking four historical phases: the 1980s debt crisis; the Mexican crisis and the design of policies to ensure adequate private sector involvement ('creditor bail-in'); the Argentine crisis and the search for a durable crisis resolution framework; and finally, the global financial crisis, the Eurozone crisis, and their aftermaths.