The Case Studies and the Ten Observations

Richard Marney () and Timothy Stubbs ()

Chapter Chapter 8 in Emerging Markets Debt Restructuring, 2024, pp 375-406 from Springer

Abstract: Abstract This chapter looks back over the four cases and connects the interplay of institutions in each case with the Ten Observations. The discussion looks to clarify and reinforce the material influence of deficiencies present in local economic, legal, and political institutions on the nature of an episode of debt distress and the challenges that confront the actors in a subsequent restructuring process. Our “gremlins” are the stars of the drama of this chapter, and our Ten Observations frame the stage.

Keywords: Shareholding; Primary drivers of outbreak; Fundamental versus proximate causes; Creditor cohorts; Solution and negotiation dynamics; Institutional links; Workout solution; Macroeconomy; Financial system structure; Financial liberalization; Asset quality; NPLs; Loan loss provisioning; Solvency; Liquidity; Macroeconomic policy; Pandemic; Sales; Gross margin; EBITDA; Net income; Credit management; Fiscal resources; Supply chain; Distribution channels; Act of God; Judicial restructuring; Early-stage companies; Holding companies; Subsidiary; Financial regulation and supervision; Internal and external auditing; Governance; Corrupt intervention; Acceleration; Enforcement; Volatility; Recession; Systemic crises; Secured (collateral-based) versus unsecured (cash flow based) lending; Participating creditors; Debt resolution practices (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-66838-8_8

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DOI: 10.1007/978-3-031-66838-8_8

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