000			01828nam a22002057a 4500
005			20250110161718.0
008			250106b |||||||| |||| 00| 0 eng d
020			_a9783031668371
082			_a332.64209 _bMAR
100			_aMarney, Richard _920216
245			_aEmerging markets debt restructuring _beffectively navigating local institutional frameworks
260			_bPalgrave Macmillan _aCham _c2024
300			_axxv, 550 p.
365			_aEUR _b64.99
520			_aCorporate 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 (https://link.springer.com/book/10.1007/978-3-031-66838-8)
650			_aCorporations finance
650			_aDebt relief _920217
700			_aStubbs, Timothy _920218
942			_cBK _2ddc
999			_c8309 _d8309