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We propose a modification to a baseline sovereign default framework that allows us to quantify the importance of debt dilution in accounting for the l...
Coping with Revenue Volatility in Lesotho and Swaziland
Over the past decade, Lesotho and Swaziland have faced significant volatility in their fiscal revenues, owing to highly unstable Southern African Cust...
As a response to economic crises triggered by COVID-19, sovereign debt standstill proposals emphasize debt payment suspensions without haircuts on the...