Sovereign default risk valuation [electronic resource] : implications of debt crises and bond restructurings / Jochen Andritzky.
Past cycles of sovereign lending and default in emerging markets suggest that debt crises will recur at some point. In addressing debt crises it has proven helpful to distinguish between situations of illiquidity and insolvency. Solutions range from a voluntary debt swap to a soft or hard restructur...
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Full Text (via Springer) |
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| Main Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Berlin ; New York :
Springer,
©2006.
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| Series: | Lecture notes in economics and mathematical systems ;
582. |
| Subjects: |
Table of Contents:
- Introduction
- Sovereign lending and default
- Sovereign restructuring
- Modeling sovereign default risk
- Empirical estimations
- Credit default swaps
- Conclusion.