We examine how the composition of public debt, broken down by currency, maturity, holder profile and marketability, has responded to major debt accumulation and
The debate on government debt in the context of possible reforms of the international financial architecture has thus far focused on crisis resolution. This pap
Recent events have shown that sovereigns, just like banks, can be subject to runs, highlighting the importance of the investor base for their liabilities. This
The last decade or so has seen a mushrooming of new sovereign debt databases covering long time spans for several countries. This represents an important breakt
This book is an attempt to build some structure around the issues of sovereign debt to help guide economists, practitioners, and policymakers through this compl
