The paper reviews an event of 30 years ago from the perspective of today: a successful G-5 initiative to reverse what had been a…
This paper studies sovereign debt relief in a long-term perspective. We quantify the relief achieved through default and restructuring in…
U.S. President Barack Obama is still pressing to obtain Trade Promotion Authority and use it to conclude negotiations for the Trans-…
In both advanced and emerging economies, policymakers,
academics, and the financial community were still trying to make
sense of the…
This paper explores the menu of options for renormalizing public debt levels relative to nominal activity in the long run, should…