- Tytuł:
- Belize’s 2016–17 Sovereign Debt Restructuring – Third Time Lucky?
- Autorzy:
-
Asonuma, Tamon
Papaioannou, Michael G.
Togo, Eriko
van Selm, Bert - Powiązania:
- https://bibliotekanauki.pl/articles/2047046.pdf
- Data publikacji:
- 2020-12-29
- Wydawca:
- Uniwersytet Warszawski. Wydawnictwo Naukowe Wydziału Zarządzania
- Tematy:
-
Sovereign Debt
Sovereign Defaults
Sovereign Debt Restructurings
Serial Debt
Restructurings
Belize - Opis:
- This paper examines the causes, process, and outcome of Belize’s 2016–17 sovereign debt restructuring – its third episode in last 10 years. As was the case in the earlier two restructurings, in 2006–07 and in 2012–13, the 2016–17 debt restructuring was executed through collaborative engagement with creditors outside an IMF-supported program. While providing liquidity relief and partially addressing long-term debt sustainability concerns, the restructuring will need to be underpinned by ambitious fiscal consolidation and growth-enhancing structural reforms to secure durable gains and avoid future debt distress situations.
- Źródło:
-
Journal of Banking and Financial Economics; 2020, 2(14); 47-67
2353-6845 - Pojawia się w:
- Journal of Banking and Financial Economics
- Dostawca treści:
- Biblioteka Nauki
Artykuł