A Noteon Burden Sharing Among Creditors

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Publisher : International Monetary Fund
ISBN 13 : 1451921500
Total Pages : 28 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis A Noteon Burden Sharing Among Creditors by : Mr.Richard D. Haas

Download or read book A Noteon Burden Sharing Among Creditors written by Mr.Richard D. Haas and published by International Monetary Fund. This book was released on 1992-03-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a framework for evaluating the relative contributions of different creditors in cases where only partial payments can be made by the debtor country. A methodology is developed to calculate partial payments—or alternatively put—determine residual financing. By focusing on the relative seniority of creditors and expectations of the debtor’s ability to repay, alternative sharing rules are quantified. The measure is based on the expected present value of payments. Creditors earning a below-market rate of return suffer a burden; creditors earning the same rate of return are said to share the burden equally.

A Note on Burden Sharing Among Creditors

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Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis A Note on Burden Sharing Among Creditors by : Michael P. Dooley

Download or read book A Note on Burden Sharing Among Creditors written by Michael P. Dooley and published by . This book was released on 1992 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Working Paper Summaries (WP/92/1 - WP/92/47)

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Publisher : International Monetary Fund
ISBN 13 : 1451966482
Total Pages : 54 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Working Paper Summaries (WP/92/1 - WP/92/47) by : International Monetary Fund

Download or read book Working Paper Summaries (WP/92/1 - WP/92/47) written by International Monetary Fund and published by International Monetary Fund. This book was released on 1992-08-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

A Note on Burden Sharing Among Creditors

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Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis A Note on Burden Sharing Among Creditors by : Michael Patrick Dooley

Download or read book A Note on Burden Sharing Among Creditors written by Michael Patrick Dooley and published by . This book was released on 1999 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Staff Guidance Note on Information Sharing in The Context of Sovereign Debt Restructurings

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 15 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Staff Guidance Note on Information Sharing in The Context of Sovereign Debt Restructurings by : International Monetary Fund. Legal Dept.

Download or read book Staff Guidance Note on Information Sharing in The Context of Sovereign Debt Restructurings written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2023-06-23 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The guidance note sets out principles governing information sharing in the context of sovereign debt restructurings. It restates the existing Fund governance and policy guidelines for information sharing to help inform and harmonize practices across Fund country teams. In addition to outlining guiding principles applicable to information sharing, it provides guidance on what level of information can be shared during each stage of the restructuring and program design process and in the surveillance context

Understanding Interdependence

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Publisher : Princeton University Press
ISBN 13 : 0691231133
Total Pages : 566 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Understanding Interdependence by : Peter B. Kenen

Download or read book Understanding Interdependence written by Peter B. Kenen and published by Princeton University Press. This book was released on 2021-06-08 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing together new papers by some of today's leading figures in international economics and finance, Understanding Interdependence surveys the current state of knowledge on the international monetary system and, by implication, defines the research horizon for the future. Covering topics including the behavior of exchange rates, the choice of exchange-rate regime, current-account adjustment in classical and Keynesian models, the extent and effects of capital mobility, international debt, the stabilization and reform of the formerly planned economies, European monetary union, and international policy coordination, the book underscores the importance of these subjects and identifies lessons for policymakers. The contributors to the volume are Michael Bruno, Ralph C. Bryant, Richard N. Cooper, Michael P. Dooley, Barry Eichengreen, Stanley Fischer, Charles A. E. Goodhart, Peter Hooper, Peter B. Kenen, Paul R. Krugman, Henri Lorie, Jaime Marquez, Ronald I. McKinnon, Michael Mussa, Maurice Obstfeld, John Odling-Smee, Assaf Razin, Dani Rodrik, Mark P. Taylor, and John Williamson.

"Burden Sharing" in Sovereign Debt Reduction

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis "Burden Sharing" in Sovereign Debt Reduction by : Mark Spiegel

Download or read book "Burden Sharing" in Sovereign Debt Reduction written by Mark Spiegel and published by . This book was released on 1994 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

IMF Staff papers

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Publisher : International Monetary Fund
ISBN 13 : 1451930852
Total Pages : 196 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1993-01-01 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses microeconomic panel data to examine differences in the cyclical variability of employment, hours, and real wages for skilled and unskilled workers. Contrary to conventional wisdom, it finds that, at the aggregate level, skilled and unskilled workers are subject to the same degree of cyclical variation in wages. However, the quality of labor input is found to rise in recessions, inducing a countercyclical bias in aggregate measures of the real wage. The paper also finds substantial differences across industries in the cyclical variation of employment, hours, and wage differentials, indicating important interindustry differences in labor contracting.

Recent Private Capital Inflows to Developing Countries

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)

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Book Synopsis Recent Private Capital Inflows to Developing Countries by : Michael Patrick Dooley

Download or read book Recent Private Capital Inflows to Developing Countries written by Michael Patrick Dooley and published by World Bank Publications. This book was released on 1994 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This empirical study finds that while debt reduction and policy reforms in debtor countries have been important determinants of renewed access to international capital markets, changes in international interest rates have been the dominant factor. We calculate the effects of changes in international interest rates for a 'typical' debtor country. We conclude that increases in interest rates associated with business cycle upturn in industrial countries could depress the secondary market prices of existing debt to levels inconsistent with continued capital inflows.

Guidance Note On Implementing The Debt Limits Policy In Fund Supported Programs

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Publisher : International Monetary Fund
ISBN 13 : 1513583611
Total Pages : 65 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Guidance Note On Implementing The Debt Limits Policy In Fund Supported Programs by : International Monetary

Download or read book Guidance Note On Implementing The Debt Limits Policy In Fund Supported Programs written by International Monetary and published by International Monetary Fund. This book was released on 2021-05-25 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Debt Limits Policy (DLP) establishes the framework for using quantitative conditionality to address debt vulnerabilities in IMF-supported programs. In October 2020, the Executive Board approved reforms to the DLP which will enter into effect on June 30, 2021. The risk-based approach to setting debt conditionality informed by Debt Sustainability Analyses under the previous DLP approved in 2014 is maintained. The reforms aim to provide countries with more financing flexibility in practice while still adequately containing debt vulnerabilities through appropriate safeguards. This note provides operational and technical guidance related to the implementation of the DLP, including the operationalization of the approved reforms. In particular, it outlines the core principles underpinning the DLP, including when debt conditionality in IMF-supported programs is warranted and how to account for country-specific circumstances in the design of debt limits. The note also describes the process of setting and implementing debt conditionality, including: (i) identifying debt vulnerabilities to inform the focus of debt conditionality; (ii) designing debt conditionality; and (iii) implementing debt conditionality through the review cycle. The Guidance Note is intended for use by both IMF staff and country officials. In this regard, in addition to the guidance presented in the main body, the note also contains several annexes that cover definitional, technical, and operational issues arising in the determination and implementation of public debt limits.

Sovereign Debt Restructurings 1950-2010

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Publisher : International Monetary Fund
ISBN 13 : 1475505531
Total Pages : 128 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Sovereign Debt Restructurings 1950-2010 by : Mr.Udaibir S. Das

Download or read book Sovereign Debt Restructurings 1950-2010 written by Mr.Udaibir S. Das and published by International Monetary Fund. This book was released on 2012-08-01 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses.

Operational Guidance Note On Program Design and Conditionality

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 179 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Operational Guidance Note On Program Design and Conditionality by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Operational Guidance Note On Program Design and Conditionality written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2024-01-30 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note aims to provide guidance on the key principles and considerations underlying the design of Fund-supported programs. The note expands on the previous operational guidance notes on conditionality published over 2003-2014, incorporating lessons from the 2018-19 Review of Conditionality, and other recent key policy developments including the recommendation of the Management’s Implementation Plan in response to Independent Evaluation Office (IEO)’s report on growth and adjustment in IMF-supported programs. The note in particular highlights operational advice to (i) improve the realism of macroeconomic forecast in programs and fostering a more systematic analysis of contingency plans and risks; (ii) improve the focus, depth, implementation, and tailoring of structural conditions (SCs), with due consideration of growth effects; and (iii) help strengthen the ownership of country authorities. Designed as a comprehensive reference and primer on program design and conditionality in an accessible and transparent manner, the note refers in summary to a broad range of economic and policy considerations over the lifecycle of Fund-supported programs. As with all guidance notes, the relevant IMF Executive Board Decisions remain the primary legal authority on matters covered in this note.

IMF Working Papers and Papers on Policy Analysis and Assessment

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis IMF Working Papers and Papers on Policy Analysis and Assessment by :

Download or read book IMF Working Papers and Papers on Policy Analysis and Assessment written by and published by . This book was released on 1986-10 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

IMF Working Paper

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Publisher :
ISBN 13 :
Total Pages : 620 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis IMF Working Paper by :

Download or read book IMF Working Paper written by and published by . This book was released on 1992 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Biblio List Updates in Print

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Publisher :
ISBN 13 :
Total Pages : 796 pages
Book Rating : 4.:/5 (334 download)

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Book Synopsis Biblio List Updates in Print by :

Download or read book Biblio List Updates in Print written by and published by . This book was released on 1992-04 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Challenges at the Bank for International Settlements

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Publisher : Springer Science & Business Media
ISBN 13 : 3540727906
Total Pages : 365 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis Challenges at the Bank for International Settlements by : Elmar B. Koch

Download or read book Challenges at the Bank for International Settlements written by Elmar B. Koch and published by Springer Science & Business Media. This book was released on 2007-10-20 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: Challenges facing central bankers are expertly examined and analyzed. The book explores monetary policy and financial crisis as well as insolvency, collective action clauses, international mediation, and management of central banks. The author has worked as an economist at the Monetary and Economic Department of the Bank for International Settlements and as an international mediator for the Secretariat of the G10 Ministers and Governors.

STAFF PAPERS

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Publisher :
ISBN 13 :
Total Pages : 510 pages
Book Rating : 4./5 ( download)

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Book Synopsis STAFF PAPERS by : MARGARET R. KELLY, IAN S. McDONALD, ROZLYN COLEMAN AND SARA KANE

Download or read book STAFF PAPERS written by MARGARET R. KELLY, IAN S. McDONALD, ROZLYN COLEMAN AND SARA KANE and published by . This book was released on 1993 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt: