LEADER 04545oam 22007335 450 001 9910814234403321 005 20200520144314.0 010 $a1-282-96642-1 010 $a9786612966422 010 $a0-8213-8543-7 024 7 $a10.1596/978-0-8213-8483-1 035 $a(CKB)2560000000055935 035 $a(EBL)635558 035 $a(OCoLC)699521209 035 $a(SSID)ssj0000473333 035 $a(PQKBManifestationID)11286587 035 $a(PQKBTitleCode)TC0000473333 035 $a(PQKBWorkID)10436872 035 $a(PQKB)11376135 035 $a(MiAaPQ)EBC635558 035 $a(Au-PeEL)EBL635558 035 $a(CaPaEBR)ebr10440518 035 $a(CaONFJC)MIL296642 035 $a(The World Bank)2010045789 035 $a(US-djbf)16524342 035 $a(EXLCZ)992560000000055935 100 $a20101029d2011 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aSovereign debt and the financial crisis : $ewill this time be different? /$fedited by Carlos A. Primo Braga, Gallina A. Vincelette 210 1$aWashington, D.C. :$cWorld Bank,$dc2011. 215 $axxvi, 496 pages $cillustrations ;$d24 cm 300 $aDescription based upon print version of record. 311 $a0-8213-8483-X 320 $aIncludes bibliographical references and index. 327 $aCover; Half Title Page; Title Page; Copyright; Dedication; Contents; Foreword; Acknowledgments; Contributors; Abbreviations; Introduction; Part I: A New Wave of Sovereign Debt Crises?; 1: The Sovereign Debt Crisis That Was Not; 2: Unpleasant Surprises: Determinants and Risks of Sovereign Default; 3: Finding the Tipping Point: When Sovereign Debt Turns Bad; 4: Determinants of Emerging Market Sovereign Bond Spreads; 5: Sovereign Debt Distress and Corporate Spillover Impacts; Part II: The Effects of the Crisis on Debt 327 $a6: Debt Sustainability and Debt Distress in the Wake of the Ongoing Financial Crisis: The Case of IDA-Only African Countries7: Do Middle-Income Countries Still Have the Ability to Deal with the Global Financial Crisis?; 8: Small States, the Financial Crisis, and the Aftermath; 9: Europe's Crisis: Origins and Policy Challenges; Part III: Debt Restructuring Mechanisms: Lessons and Beyond; 10: Avoiding Avoidable Debt Crises: Lessons from Recent Defaults; 11: Managing Subnational Credit and Default Risks; 12: Restructuring Sovereign Debts with Private Sector Creditors: Theory and Practice 327 $a13: A Standing Arbitral Tribunal as a Procedural Solution for Sovereign Debt Restructurings14: International Lending of Last Resort and Sovereign Debt Restructuring; Part IV: Managing Public Debt in Crises: How Experiences Differ; 15: Managing Public Debt and Its Financial Stability Implications; 16: Public Debt Management in Emerging Market Economies: Has This Time Been Different?; 17: Crisis Preparedness and Debt Management in Low-Income Countries: Strengthening Institutions and Policy Frameworks 327 $a18: Public Debt Management and Sovereign Risk during the Worst Financial Crisis on Record: Experiences and Lessons from the OECD AreaIndex; Back Cover 330 $aIn the wake of the financial crisis of 2008, governments worldwide undertook massive fiscal interventions to stave off what otherwise would have likely been a system-wide financial and economic meltdown. The policy responses engendered significant shifts in growth trajectories and debt sustainability outlooks of both mature and developing economies. The magnitude of public liabilities incurred and the uncertainty surrounding the exit from unprecedented discretionary fiscal stimulus have become a major source of concern about a future crisis. Will the current stringent financial conditions lead 410 0$aWorld Bank e-Library. 606 $aDebt relief$zDeveloping countries 606 $aDebts, Public 606 $aEconomic policy 606 $aFinancial crises 606 $aMonetary policy 615 0$aDebt relief 615 0$aDebts, Public. 615 0$aEconomic policy. 615 0$aFinancial crises. 615 0$aMonetary policy. 676 $a336.3/435 701 $aBraga$b Carlos Alberto Primo$f1954-$011722 701 $aVincelette$b Gallina Andronova$01699726 801 0$bDLC 801 1$bDLC 801 2$bDLC 906 $aBOOK 912 $a9910814234403321 996 $aSovereign debt and the financial crisis$94082207 997 $aUNINA