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The Restructuring Process

This Chapter discusses the process of restructuring a sovereign’s debt once the decision has been made that this step is inevitable, and the various factors that come into play in determining the scope, strategy, and resolution of the restructuring. 

This document is an excerpt of the forthcoming book from Oxford University Press and the IMF that is designed to connect the multiple aspects of sovereign debt policy into one coherent text. For further information please go to the focus: Sovereign Debt: A Guide for Economists and Practitioners