index debut sovereign bond issues, 330t DRF funding from, 24 Noga suit, 270b sovereign default by, 167t subnational debt management in, 352, 353, 356, 362, 363, 368n28, 369n35, 369n37 Rwanda, 21, 47n3, 67t, 89n2, 100, 121t, 348t S Sachs, Jeffrey, 186 Sack, Alexander Nahum, 206, 287n5 SAF (Structural Adjustment Facility), 15 Sahay, Ratna, 273 Samy, Yiagadeesen, 51 sanction of regime/loan by international body, ex ante, 231, 242–45, 251, 263, 277t, 280–82, 281t Sanderson, W., 46 Sandleris, Guido, 146, 268, 273, 274 S&P (Standard & Poor) rating, 142, 155, 157 sanitation and clean water, 53, 54f, 136f São Tomé and Principe, 22, 47n3, 72, 100, 102t, 107t, 109t, 121t Saporta, Victoria, 272, 274 Saravia, Diego, 146 Sarno, Lucio, 143 Saudi Arabia, 21, 167t, 417 Savastano, Miguel A., 144, 185, 191 Schmid, Juan Pedro, xix, 2–3, 49, 138 Schmukler, Sergio L., 145, 146 seigniorage, 96, 128, 185b, 399 self-enforcing mechanisms (market enforcement) for sovereign
447 debt repayment, 265–66, 265t, 272–75 Senegal, 14, 15, 16, 32n4–5, 37t, 47n3, 67t, 121t, 347, 348t Serbia, 330t Serieux, John, 51 Servén, Luis, 188 Seychelles, 316t, 320f, 325f, 330t Sierra Leone, 14, 22, 32n4, 37t, 72, 121t, 132, 221, 348t Singapore, 167t, 199n15 single-resource wealth, debt management in countries with. See Congo, oil wealth volatility and debt management in Republic of sinking-fund provisions, debut sovereign bond issues, 331, 340n14 Skeel, D., 231, 263 Slovak Republic, 167t Somalia, 16, 17, 82t, 121t South Africa debut sovereign bond issues, 317, 330t as non-Paris Club creditor, 21 odious debt of, 206, 210, 220–21, 222n6 sovereign default by, 167t subnational debt management in, 352, 356, 367n8, 368n19, 369n33, 369n35 South Korea (Republic of Korea), 21, 167t, 174n14, 184t, 186, 199n15 sovereign bond issues, debut. See debut sovereign bond issues sovereign debt, conflicts of interest in, 261–63, 262f sovereign debt in market-access countries, 4, 181–201 conclusions regarding, 196–98 debt dynamics, 182–85, 183–84t, 185b, 194 debt instruments, developing, 191, 192–93, 197 defaults, 189–90