Arbeitspapier

Sovereign default and state-contingent debt

The international community has a role to play in addressing this gap. In that regard, this paper is intended to stimulate debate on the problems in the current practices for sovereign debt restructuring and puts forward some proposals to improve the functioning of sovereign debt markets. The Bank of Canada and the Bank of England have collaborated on these issues in the past. For example, in 2001, Andy Haldane and Mark Kruger authored a joint paper on how to resolve sovereign debt crises in a more orderly and transparent manner. This current work builds on those ideas by exploring how state-contingent debt could further improve the system.

Language
Englisch

Bibliographic citation
Series: Bank of Canada Discussion Paper ; No. 2013-3

Classification
Wirtschaft
International Lending and Debt Problems
Subject
International topics
International financial markets

Event
Geistige Schöpfung
(who)
Brooke, Martin
Mendes, Rhys
Pienkowski, Alex
Santor, Eric
Event
Veröffentlichung
(who)
Bank of Canada
(where)
Ottawa
(when)
2013

DOI
doi:10.34989/sdp-2013-3
Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Brooke, Martin
  • Mendes, Rhys
  • Pienkowski, Alex
  • Santor, Eric
  • Bank of Canada

Time of origin

  • 2013

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