A Distant Mirror of Debt, Default, and Relief
Reinhart, Carmen and Trebesch, Christoph, A Distant Mirror of Debt, Default, and Relief (October 2014). CEPR Discussion Paper No. DP10195. Available for download at SSRN: http://ssrn.com/abstract=2510053 “We take a first pass at quantifying the magnitudes of debt relief achieved through default and restructuring in two distinct samples: 1979-2010, focusing on credit events in emerging markets, …