Toolkit for the analysis of debt problems

Abstract

The idea of this chapter is to provide a number of tools that may allow an independent observer to assess the likelihood of default, to provide the clues for an evaluation of likely restructuring scenarios and to be able to estimate possible financial and real implications of such an event. We divide our Toolkit into seven exercises. In all cases our idea is to provide the needed elements so that the researcher applies directly the Toolkit to the country of analysis.