Measuring and managing exchange rate risk exposure is important for reducing a firm's
vulnerabilities from major exchange rate movements, which could adversely affect profit margins …

This paper documents the two debt restructurings that Grenada undertook in 2004–06 and
2013–15. Both restructurings emerged as a consequence of weak fiscal and debt situations, …

This paper analyzes the effects of including collective action clauses (CACs) and enhanced
CACs in international (nondomestic law-governed) sovereign bonds on sovereigns’ …

This paper summarizes lessons learned from the recent history of sovereign debt restructurings
in emerging markets and developing countries. Our main contribution is to present a set …

This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings,
based on a newly constructed database. This is the first complete dataset of sovereign …

This paper analyses the determimants of emerging market sovereign bond spreads by
examining the short and long-run effects of fundamental (macroeconomic) and temporary (…

Sound public debt management is a key element in ensuring debt sustainability. Debt structures
that are robust to interest rate, exchange rate, or other shocks potentially allow countries …

This paper presents in a systematic (normative) manner the salient features of a SWF‘s
governance structure, in relation to its objectives and investment management that can ensure its …

The Markowitz portfolio theory has been used during the past six decades by various institutional
investors, including sovereign wealth funds (SWFs), to determine their asset allocations…

This paper explores the relationship between the level and management of public debt and
financial stability, and explains the channels through which the two are interlinked. It …