The author considers the risks that the failure of Third World economies pose for highly exposed banks, whose collapse would threaten domestic as well as intern

This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first comple

World War I created a set of forces that affected the political arrangements and economies of all the countries involved. This period in global economic history

This paper estimates the effect of sovereign debt renegotiation on international trade. Sovereign default may be associated with a subsequent decline in interna