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Do The Secondary Markets Believe In Life After Debt
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Book Synopsis Do the Secondary Markets Believe in Life After Debt? by : Vassilis A. Hajivassiliou
Download or read book Do the Secondary Markets Believe in Life After Debt? written by Vassilis A. Hajivassiliou and published by . This book was released on 1989 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Secondary market values tend to reflect past difficulties rather than anticipate future ones. They can't be used to build a case for debt relief on the grounds that it would cause secondary discounts to fall and hence the value of outstanding debt to rise.
Book Synopsis Do the Secondary Markets Believe in Life after Debt? by : Sanjay Kathuria
Download or read book Do the Secondary Markets Believe in Life after Debt? written by Sanjay Kathuria and published by . This book was released on 2017 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using panel data econometric techniques to examine the case for external debt relief, this report explores the relations between measures of creditworthiness and debt discounts on the secondary markets. It finds, however, that secondary market values tend to reflect past difficulties, not anticipate future ones - so they can' t be used to build a case for debt relief. The secondary markets, still in an early evolutionary stage, are quite quot;thinquot; and thus unable to exploit efficiently and quickly all available information on creditworthiness.
Book Synopsis Do the Secondary Markets Belive in Life After Debts? by :
Download or read book Do the Secondary Markets Belive in Life After Debts? written by and published by World Bank Publications. This book was released on with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Debt Concentration and Secondary Market Prices by : Raquel Fernandez
Download or read book Debt Concentration and Secondary Market Prices written by Raquel Fernandez and published by World Bank Publications. This book was released on 1991 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The more concentrated the debt holdings in large money center banks, the higher the secondary price of that debt.
Book Synopsis Sovereign Risk and Financial Crises by : Michael Frenkel
Download or read book Sovereign Risk and Financial Crises written by Michael Frenkel and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sovereign risk and financial crises play a key role in current international economic developments, particularly in the case of economic downturns. As the Asian economic crisis in the late 1990s revealed once again, financial crises are the rule rather than the exception in capitalist economies. The event also revealed that international public debt agreements are contingent claims. In a world of increasing economic interdependencies, the issues of financial crises and country defaults are of critical importance. This volume goes to the heart of the academic discussion on sovereign risk and financial crises by centering on quantitative-empirical aspects, evaluating prominent approaches, and by proposing new methods. Part I of the volume identifies key factors and processes that are central in analyzing sovereign risk while Part II focuses on the determinants and effects of financial crises.
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.
Book Synopsis An Econometric Analysis of Countries' Repayment Performance to the International Monetary Fund by : Mrs.Lynn Aylward
Download or read book An Econometric Analysis of Countries' Repayment Performance to the International Monetary Fund written by Mrs.Lynn Aylward and published by International Monetary Fund. This book was released on 1998-03-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the literature on external debt repayment performance by sovereign debtors is extensive, repayment performance vis-à-vis the International Monetary Fund has not been dealt with separately. Given differences between the Fund and other providers of financial resources, this paper considers whether it is possible to distinguish through logit analysis between the countries that make timely repayments to the Fund and those that become overdue. The paper finds that the inclusion of Fund-specific financial variables and a small number of macroeconomic variables yields a highly significant econometric model of the probability of a country incurring Fund arrears.
Book Synopsis Are Markets Learning? by : Luca Barbone
Download or read book Are Markets Learning? written by Luca Barbone and published by World Bank Publications. This book was released on 1997 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Shortcomings in the Market for Developing Country Debt by : John Wakeman-Linn
Download or read book Shortcomings in the Market for Developing Country Debt written by John Wakeman-Linn and published by World Bank Publications. This book was released on 1989 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Creditors and highly indebted countries alike would benefit from a credit market in which penalties for default were heavier or more certain, in which multinational and international organizations were used to improve the flow of information about the debtor countries to possible creditors, and in which methods were designed to increase the precommitment of funds.
Book Synopsis Dealing with Debt by : Barry J. Eichengreen
Download or read book Dealing with Debt written by Barry J. Eichengreen and published by World Bank Publications. This book was released on 1989 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the sovereign defaults of the 1930s and their implications for the debt crisis of the 1980s. It reports nine major findings. There is little evidence that financial markets have grown more sophisticated' over time, or that banks have a comparative advantage over the bond market in processing information. (2) Debt default in the 1930s depended on a combination of factors, . including the magnitude of the external shocks, the level of debt, and: the: economic policy response, as well as on a range, of: noneconomic considerations. (3) Countries which interrupted service recovered more quickly from the Great Depression than countries which resisted default. This contrasts with the experience of the 1980s, when no clearcut relationship exists (4) There is little evidence that countries which defaulted in the 19305 suffered inferior capital market access subsequently. (S} The readjustment of defaulted debts was protracted: the analogy with Chapter 11 corporate bankruptcy proceedings is no more applicable to the 1930s than to the 1980s. (6) Although default led in some cases to a substantial reduction of transfers from debtors to creditors, on balance returns on sovereign loans compared favorably with returns on domestic investments. (7) Creditor-country governments did more in the 'thirties than in the 'eighties to accelerate the settlement process. (3) Global schemes analogous to the Baker Plan were widely proposed but never implemented. (9) In contrast, market-based debt reduction in the form G debt buybacks played a useful role in the resolution of the crisis.
Book Synopsis Bond Valuation in Emerging Markets by : Valentin Ulrici
Download or read book Bond Valuation in Emerging Markets written by Valentin Ulrici and published by Josef Eul Verlag GmbH. This book was released on 2007 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Econometric Analysis of IBRD Creditworthiness by : David McKenzie
Download or read book An Econometric Analysis of IBRD Creditworthiness written by David McKenzie and published by World Bank Publications. This book was released on 2002 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Capital Flows and the Emerging Economies by : Sebastian Edwards
Download or read book Capital Flows and the Emerging Economies written by Sebastian Edwards and published by University of Chicago Press. This book was released on 2008-04-15 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1990s witnessed several acute currency crises among developing nations that invariably spread to other nearby at-risk countries. These episodes—in Mexico, Thailand, South Korea, Russia, and Brazil—were all exacerbated by speculative foreign investments and high-volume movements of capital in and out of those countries. Insufficient domestic controls and a sluggish international response further undermined these economies, as well as the credibility of external oversight agencies like the International Monetary Fund. This timely volume examines the correlation between volatile capital mobility, currency instability, and the threat of regional contagion, focusing particular attention on the emergent economies of Latin America, Southeast Asia, and Eastern Europe. Together these studies offer a new understanding of the empirical relationship between capital flows, international trade, and economic performance, and also afford key insights into realms of major policy concern.
Book Synopsis Growth, Debt, and Sovereign Risk in a Small, Open Economy by : Jagdeep S. Bhandari
Download or read book Growth, Debt, and Sovereign Risk in a Small, Open Economy written by Jagdeep S. Bhandari and published by World Bank Publications. This book was released on 1989 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a macroeconomic model for a small, open, developing economy that borrows abroad - to study the dynamic interaction between debt and growth and the impacts of various policies and exogenous shocks on the rate of capital accumulation, the current account, and debt. Adjustment policies that increase productivity and efficient use of capital increase both growth and the stock of external debt - but the new level of debt may be sustainable in the long run.
Book Synopsis Public Debt, North and South by : Helmut Reisen
Download or read book Public Debt, North and South written by Helmut Reisen and published by World Bank Publications. This book was released on 1989 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why has government debt risen since 1984 despite rationed foreign lending and efforts at fiscal consolidation? And how can the rising debt be stopped? Possible remedies are growth -oriented fiscal adjustment, improved debt management, and voluntary debt reduction.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451972776 Total Pages :180 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers, Volume 45 No. 4 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers, Volume 45 No. 4 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1998-01-01 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the issue of corruption around the world. The paper surveys and discusses issues related to the causes, consequences, and scope of corruption, and possible corrective actions. It emphasizes the costs of corruption in terms of economic growth. It also emphasizes that the fight against corruption may not be cheap and cannot be independent from the reform of the state. If certain reforms are not made, corruption is likely to continue to be a problem regardless of actions directly aimed at curtailing it.
Book Synopsis Sovereign Default Risk Valuation by : Jochen Andritzky
Download or read book Sovereign Default Risk Valuation written by Jochen Andritzky and published by Springer Science & Business Media. This book was released on 2006-11-23 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Past cycles of sovereign lending and default suggest that debt crises will recur at some point. This book shows why investors should reckon with similar credit events in the future. Surveying the sovereign bond market, the author provides investors with a useful toolkit for analyzing sovereign bonds and foreseeing trends in the international financial architecture. The result should be a better understanding of debt crises and more deliberate investment decisions.
