1. Learning the Hardest Way: The Pedagogy of Sovereign Debt Crises.
- Author
-
del Barrio Arleo, M. Cecilia
- Subjects
PUBLIC debts ,MONETARY unions ,DEBT relief ,DEBTOR & creditor ,ECONOMIC history ,FINANCIAL instruments ,FINANCIAL policy - Abstract
Juan Pablo Bohoslavsky and Kunibert Raffer, eds., Sovereign Debt Crises: What Have We Learned? This is the case of countries that lack such policy space; however, countries with a wider room for manoeuvre do not face this constraint, therefore, they can treat both domestic and foreign creditors equally. PIIE Working Paper Series (August) https://www.piie.com/sites/default/files/publications/wp/wp13-8.pdf Footnotes 1 The forecast issue is certainly critical when the IMF intervenes in sovereign debt crises and restructuring processes; however, the book also points out to the unrealistic forecasts by the Fund when assessing countries' sustainability as a broader methodological flaw. [Extracted from the article]
- Published
- 2023
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