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Sovereign Default

The Source
Jun 18
1 min read

"It is surprisingly hard to define sovereign default. Default at its simplest is a broken promise, or a breach of contract. For sovereign debt, such a breach could include a missed payment, involuntary subordination, or data misreporting".

Source: https://www.imf.org/-/media/Files/News/Seminars/2018/091318SovDebt-conference/chapter-7-sovereign-default.ashx

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