NYT: The US hit the debt ceiling. How bad will it be?
THE NEW YORK TIMES reports: Washington is gearing up for another big fight over whether to ...
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WORKING PAPER
“This paper discusses the process of restructuring a sovereign’s debt once this step becomes unavoidable. All sovereign debt workouts are painful—for the debtor country, its citizens, its creditors, and its official sector sponsors. If mishandled, however, a sovereign debt workout can be incandescently painful.”
To read the full paper, please click here.
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