Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Emerging Markets Debt Restructuring: Effectively Navigating Local Institutional Frameworks

Emerging Markets Debt Restructuring: Effectively Navigating Local Institutional Frameworks

Marney, Richard
Stubbs, Timothy

Hardcover

Business GeneralEconomicsInvesting & Finance

ISBN10: 3031668375
ISBN13: 9783031668371
Publisher: Palgrave MacMillan
Published: Sep 27 2024
Pages: 550
Weight: 2.16
Height: 1.25 Width: 6.14 Depth: 9.21
Language: English

Corporate debt in emerging markets (EMs) has reached historical levels in the post-Covid-19 world. This challenges international lenders (e.g., commercial banks, development finance institutions, and impact investors) and EM economies in their pursuit of economic development. This book builds on the authors' first volume by focusing on the role of institutions in the economy, credit markets, and ultimately debt restructuring. The authors identify, contextualize, and evaluate the major challenges confronting restructuring professionals in EMs, offering ten observations on the major differences for the practitioner in the restructuring environment of EMs versus that of advanced economies. The authors present four detailed EM case studies (following these with counterfactuals) reflecting these ten observations. The authors also explore the main elements of an effective EM insolvency framework as relevant to the restructurer's choice whether to pursue a formal versus an informal solution. Written for restructuring professionals by restructuring professionals, this book explores the factors which drive success--or failure--in EM debt restructuring.

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