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From the Market


This area of EMTA’s website features perspectives of EMTA Members and other EM market participants deemed of general interest.

The materials posted from time to time on this site may not reflect the views of EMTA or any of its Members. Responsibility for the content of information posted on this site lies solely with the author thereof.

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"Moody’s Sovereign Defaults Series: Sovereign Defaults, Deposit Freezes and Private-Sector External Debt Moratoriums." May 19, 2020 - Elena H. Duggar (Moody's Investor Service).

"Start Your Engines: Are We Going to See More Creditor Recovery Efforts in Venezuela?" May 29, 2018 - Richard J. Cooper and Boaz S. Morag (Cleary Gottlieb Steen & Hamilton LLP).

"PRIMER: Islamic Finance & Sukuk Explained." January 19, 2018 - Olly Jackson.

"Ukraine Debt Restructuring – The Right Way is the Middle Way." June 15, 2015 - Alain De Vrieze.

"In the Land of Silver: 200 Years of Argentine Political-Economic Development." October 2013 - Walter Molano (BCP Securities).

"Don't Assume." May 2009 - Elena Daly.

"Bond Exchanges and their Implications for Today's Leveraged Loan Market." 2009 - Marc Hanrahan, Jane Summers, Jiyeon Lee-Lim and Jocelyn Noll (Latham & Watkins LLP).

"Guide to Mexican Bankruptcy Law." 2009 (Chadbourne & Parke LLP).

"Asia is Learning the Wrong Lessons from Its 1997-98 Financial Crisis: The Rising Risks of a new and Different Type of Financial Crisis in Asia." (First Draft) May 2007 - Nouriel Roubini (Roubini Global Economics).

"The Returns to Currency Speculation in Emerging Markets." February 2007 - Craig Burnside (Duke University and NBER), Martin Eichenbaum (Northwestern University, NBER, and Federal Reserve Bank of Chicago) and Sergio Rebelo (Northwestern University, NBER, and CEPR).

“Ecuador’s Poor Will Restructure Emerging Market Debt.” February 13, 2007 – Adam Lerrick.

"Economic Policy Recommendations in the Baker Report." February 8, 2007 - Clark Johnson, PhD.

"Brazil Overhauls Restructuring Regime." January 2006 - Thomas Benes Felsberg, Steven Kargman and Andrea Acerbi. Posted with the kind permission of International Financial Law Review.

"BBB (Bond-By-Bond) Haircut Database." September 2005 - Federico Sturzenegger and Jeromin Zettelmeyer.

"Global or Localized International Policy? Analysis of the Collective Action Clauses in the framework of the External Debt of Emerging Countries." February 2005 - Claire Husson and Roberto Inda (MPA, Columbia University).

“The IMF's Immunity to Loss is in Jeopardy.” January 11, 2005 – Adam Lerrick.

“Las Cláusulas De Acción Colectiva En Los Bonos Internacionales Emitidos Por Venezuela.” May 25, 2004 - Carlos Omaña A. (D'empaire Reyna Bermudez Abogados).