The Evolution and Growing Instability of Sovereign Debt

This presentation by the Capital Markets team examines the evolution and growing instability of sovereign debt markets. It analyzes the reasons why countries issue debt and the largest creditor groups in the industry. The presentation covers historical defaults like Argentina and Greece, examines current restructuring mechanisms, including creditor committees and collective action clauses, and explores case studies of Lebanon and Sri Lanka's debt crises. Looking forward, it analyzes how rising debt levels, macroeconomic pressures, and changing creditor dynamics will reshape sovereign debt markets, while examining implications for governments, populations, and financial institutions.

The Evolution and Growing Instability of Sovereign Debt.pdf

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