IDEAS home Printed from https://ideas.repec.org/p/imf/imfsdn/2020-006.html
   My bibliography  Save this paper

The Role of State-Contingent Debt Instruments in Sovereign Debt Restructurings

Author

Listed:
  • Charles Cohen
  • Mr. S. M. Ali Abbas
  • Anthony Myrvin
  • Tom Best
  • Mr. Peter Breuer
  • Hui Miao
  • Ms. Alla Myrvoda
  • Eriko Togo

Abstract

The COVID-19 crisis may lead to a series of costly and inefficient sovereign debt restructurings. Any such restructurings will likely take place during a period of great economic uncertainty, which may lead to protracted negotiations between creditors and debtors over recovery values, and potentially even relapses into default post-restructuring. State-contingent debt instruments (SCDIs) could play an important role in improving the outcomes of these restructurings.

Suggested Citation

  • Charles Cohen & Mr. S. M. Ali Abbas & Anthony Myrvin & Tom Best & Mr. Peter Breuer & Hui Miao & Ms. Alla Myrvoda & Eriko Togo, 2020. "The Role of State-Contingent Debt Instruments in Sovereign Debt Restructurings," IMF Staff Discussion Notes 2020/006, International Monetary Fund.
    • Handle: RePEc:imf:imfsdn:2020/006
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=49732
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Patrick Bolton & Mitu Gulati & Ugo Panizza, 2022. "Sovereign Debt Puzzles," IHEID Working Papers 27-2022, Economics Section, The Graduate Institute of International Studies.
    2. Ozili, Peterson K., 2023. "The COVID-19 global debt crisis: how to avoid it," MPRA Paper 115831, University Library of Munich, Germany.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfsdn:2020/006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.