Managing and understanding sovereign debt risks and restructuring

The goal of this course is to enable an understanding of the risks in sovereign debt; and particularly those risks relating to sovereign default and restructuring.

The course is structured around the life cycle of a default; with an emphasis on trying to understand the different stages of a crisis and making predictions regarding how the crisis will play out. Participants will get an basic exposure to both the economic and legal considerations involved in the operation of any sovereign debt crisis.

The course, in addition to exposing participants to the dynamics of a sovereign crisis, will use a case study of either a recent or ongoing crisis to illustrate how restructuring plans get designed.