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A Valuation Formula For Ldc Debt With Some Applications To Debt Relief
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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.
Book Synopsis Measuring the Risk of default in six highly indebted countries by : Marc Chesney
Download or read book Measuring the Risk of default in six highly indebted countries written by Marc Chesney and published by World Bank Publications. This book was released on 1992 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: The risk that the debtor country will default on its external debt may be significantly decreased by a debt-reduction operation, by a reduction in international interest rates, and by changes in the country's willingness to pay.
Book Synopsis An Option-pricing Approach to Secondary Market Debt by : Stijn Claessens
Download or read book An Option-pricing Approach to Secondary Market Debt written by Stijn Claessens and published by World Bank Publications. This book was released on 1990 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pricing model for secondary market debt is designed to assess the impact of debt reduction on the value of remaining claims and the market value of different types of guarantees.
Book Synopsis A Valuation Formula for LDC Debt by :
Download or read book A Valuation Formula for LDC Debt written by and published by World Bank Publications. This book was released on with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Mexicos External Debt Restructuring in 1989-90 by : Sweder van Wijnbergen
Download or read book Mexicos External Debt Restructuring in 1989-90 written by Sweder van Wijnbergen and published by World Bank Publications. This book was released on 1990 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who in the end profited most from the official resources devoted to Mexico's last debt restructuring : Mexico or its commercial creditors? Mexico. But in establishing the basis for long- term growth the package seems a reasonable compromise between the conflicting interests of Mexico and its commercial creditors.
Book Synopsis A Valuation Formula for LDC Debt by : Daniel Cohen
Download or read book A Valuation Formula for LDC Debt written by Daniel Cohen and published by . This book was released on 1991 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looking at the true cost of debt buy -back on the secondary market requires a valuation formula for LDC debt.
Book Synopsis Pricing Average Price Options for the 1990 Mexican and Venezuelan Recapture Clauses by : Stijn Claessens
Download or read book Pricing Average Price Options for the 1990 Mexican and Venezuelan Recapture Clauses written by Stijn Claessens and published by World Bank Publications. This book was released on 1990 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pricing models are developed to value the recapture clauses in the 1990 Mexican and Venezuelan debt restructuring agreements. The current values of the recapture clauses are less than one- quarter of the maximum contractually possible and decrease as the standard deviation of the oil price increases.
Book Synopsis Secondary Market Prices Under Alternative Debt Reduction Strategies by : Stijn Claessens
Download or read book Secondary Market Prices Under Alternative Debt Reduction Strategies written by Stijn Claessens and published by . This book was released on 1990 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Global Waves of Debt by : M. Ayhan Kose
Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Book Synopsis New Approaches to the Latin American Debt Crisis by : Jeffrey Sachs
Download or read book New Approaches to the Latin American Debt Crisis written by Jeffrey Sachs and published by . This book was released on 1989 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Banking & Finance written by and published by . This book was released on 1993 with total page 1350 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Deriving Developing Country Repayment Capacity from the Market Prices of Sovereign Debt by : Stijn Claessens
Download or read book Deriving Developing Country Repayment Capacity from the Market Prices of Sovereign Debt written by Stijn Claessens and published by World Bank Publications. This book was released on with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Developing Country Debt and the World Economy by : Jeffrey D. Sachs
Download or read book Developing Country Debt and the World Economy written by Jeffrey D. Sachs and published by University of Chicago Press. This book was released on 2007-12-01 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: For dozens of developing countries, the financial upheavals of the 1980s have set back economic development by a decade or more. Poverty in those countries have intensified as they struggle under the burden of an enormous external debt. In 1988, more than six years after the onset of the crisis, almost all the debtor countries were still unable to borrow in the international capital markets on normal terms. Moreover, the world financial system has been disrupted by the prospect of widespread defaults on those debts. Because of the urgency of the present crisis, and because similar crises have recurred intermittently for at least 175 years, it is important to understand the fundamental features of the international macroeconomy and global financial markets that have contributed to this repeated instability. Developing Country Debt and the World Economy contains nontechnical versions of papers prepared under the auspices of the project on developing country debt, sponsored by the National Bureau of Economic Research. The project focuses on the middle-income developing countries, particularly those in Latin America and East Asia, although many lessons of the study should apply as well to other, poorer debtor countries. The contributors analyze the crisis from two perspectives, that of the international financial system as a whole and that of individual debtor countries. Studies of eight countries—Argentina, Bolivia, Brazil, Indonesia, Mexico, the Philippines, South Korea, and Turkey—explore the question of why some countries succumbed to serious financial crises while other did not. Each study was prepared by a team of two authors—a U.S.-based research and an economist from the country under study. An additional eight papers approach the problem of developing country debt from a global or "systemic" perspective. The topics they cover include the history of international sovereign lending and previous debt crises, the political factors that contribute to poor economic policies in many debtor nations, the role of commercial banks and the International Monetary Fund during the current crisis, the links between debt in developing countries and economic policies in the industrialized nations, and possible new approaches to the global management of the crisis.
Book Synopsis Stop Vulture Fund Lawsuits by : Devi Sookun
Download or read book Stop Vulture Fund Lawsuits written by Devi Sookun and published by Commonwealth Secretariat. This book was released on 2010 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook distils the key lessons on best practice in negotiating loan agreements, and responding to the activities of vulture funds - funds that buy up the debt of sovereign countries at a discount in the hope of making significant profit - for the benefit of all government officials who may have to deal with these issues.
Book Synopsis Debt/Equity Swaps by : International Monetary Fund
Download or read book Debt/Equity Swaps written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-01-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the development of debt/equity swaps in the years following the emergence of the international debt crisis. It discusses some of the possible advantages and disadvantages offered by such swaps to three groups of participants--the commercial banks, the investing companies, and the indebted countries. It also provides an analysis of how these swaps are treated in the balance of payments accounts of an indebted country and discusses their possible effects on that country’s money supply, foreign exchange rate and economic growth. The paper concludes that debt/equity swaps can help to make a country’s debt burden more manageable and can contribute to economic growth, but only to a limited extent.
Book Synopsis Contemporary Economic Issues by : D. Cohen
Download or read book Contemporary Economic Issues written by D. Cohen and published by Springer. This book was released on 2016-07-27 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive overview of current research in the field of trade, payments and debt. Grossman and Helpman provide a non-technical review of the literature on technological deteminants of trade. Thisse and Fujita discuss current work on the spatial configuration of economic activities. Robert Findlay tracks world trade from 1000 to 1750, while Robert Baldwin surveys the impact of international trading alliances. In his Presidential paper, the World Bank Vice-President Michael Bruno looks at the pattern of debt crises and economic recovery. The sustainability of external debt in Africa is examined by Daniel Cohen. Alberto Giovannini's argues the case for flexible exchange rates.
Book Synopsis Dealing with the Debt Crisis by : Ishrat Husain
Download or read book Dealing with the Debt Crisis written by Ishrat Husain and published by World Bank Publications. This book was released on 1989 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debt crisis in perspective; Debt management in the late 1980s; Debt reduction and recontracting.