An IMF study finds that governments often sustain high sovereign debt because international borrowing helps finance income redistribution without relying heavily on distortionary taxes. The research ...

This paper develops a theory of sovereign debt sustainability driven by the government’s motive for redistribution. It studies a heterogeneous-agent small open economy in which redistribution relies ...

Zambia has entered the next phase of its sovereign debt programme following progress made under the international debt restructuring ...

LONDON (Reuters) - Rising corporate debt delinquencies and the first sovereign credit default in two years are kindling investor concerns that more emerging market borrowers could fail to repay their ...

LONDON/GENEVA (Reuters) -A new U.N.-supported forum designed to help tackle the most pressing debt issues across emerging economies was launched on Wednesday as policymakers warned that ever-rising ...

A common currency is a wise and important component of European integration and economic vitality. The euro was set up presciently, but its evolution in a sequence of crises now leaves it in a ...

RECENT DEVELOPMENTS in Argentina, Ecuador and elsewhere once again have brought to the fore concerns regarding the ability of creditors of sovereign states and their agencies to recover on the ...

The repercussions of a sovereign debt default are seldom acknowledged. The hardships endured by nations that have defaulted are rarely discussed in countries facing economic strain. Recovery efforts, ...

Repudiation is a refusal to honor contracts. Learn how it impacts fixed income securities, especially in the realm of sovereign debt.

Treasury Cabinet Secretary John Mbadi has defended the government’s management of Kenya’s public debt, saying timely decisions helped the country avoid a potentially devastating sovereign default.