
Unraveling the recent sovereign default wave
Moody’s Talks – The Big Picture
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Analyzing the Causes and Consequences of the Recent Sovereign Default Wave
This chapter delves into the recent wave of sovereign defaults in lower-income countries, investigating the reasons behind their increasing debt burden and the challenges they face in restructuring. It examines regional variations in debt burdens, the involvement of diverse creditors, and the absence of a global framework for debt restructuring.
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