Publication: A journey in the history of sovereign defaults on domestic law public debt - sovereign histories
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This document contains our collection of ‘sovereign histories’ for the 74 domestic-law default episodes that we include in our database. Sovereign histories are meant to complement our database and the associated paper, providing the full details of domestic-law defaults and restructurings. As we detail in the paper, domestic-law default were identified consulting a large number of sournces including country reports and program reviews from the IMF, documents from the World Bank and the OECD, Public Information Notes, policy reports from development banks and other international institutions, accounts from Ministries and Central Banks, rating agencies publications, debt exchange offers, academic books,research papers, an extensive google search, and a press review through Factiva. The vastity and the diversity of the sources we consulted makes us confident that our coverage is close to the universe of domestic-law defaults from 1980 to 2018. Histories are organized in alphabetical order from Angola to Zimbabwe. Each history is structured in two sections. The first section provides an overview of the events leading to either the default or the restructuring. The second section provides the full details of the restructuring process for each instrument and each creditor involved. The information presented in each history is meant to capture the complexitiy of soveriegn default restructurings and makes our collection of sovereign histories a unique and valuable source of examples for the ongoing policy and academic debates.
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