Mexico's External Debt and the Return to Voluntary Capital Market Financing

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Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Mexico's External Debt and the Return to Voluntary Capital Market Financing by : Mohamed A. El-Erian

Download or read book Mexico's External Debt and the Return to Voluntary Capital Market Financing written by Mohamed A. El-Erian and published by . This book was released on 2006 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the evolution of Mexico`s approach to commercial bank debt restructuring since the outbreak of the 1982 debt servicing problems. It discusses the key elements of the approach, their implementation, and their interaction with developments in the quot;international debt strategy.quot; It focusses, in particular, on factors contributing to the emergence of comprehensive market-based debt and debt service reduction operations. Together with the sustained implementation of appropriate economic policies, these operations have contributed to Mexico`s return to voluntary international capital market financing. The paper discusses the major aspects of this market re-entry process.

Mexico' S External Dept and the Return to Voluntary Capital Market Financing

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Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (311 download)

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Book Synopsis Mexico' S External Dept and the Return to Voluntary Capital Market Financing by : Mohamed A. el Erian

Download or read book Mexico' S External Dept and the Return to Voluntary Capital Market Financing written by Mohamed A. el Erian and published by . This book was released on 1991 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mexico's Eternal Debt and the Return to Voluntary Capital Market Financing

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Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (675 download)

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Book Synopsis Mexico's Eternal Debt and the Return to Voluntary Capital Market Financing by : Mohamed A. El-Erian

Download or read book Mexico's Eternal Debt and the Return to Voluntary Capital Market Financing written by Mohamed A. El-Erian and published by . This book was released on 1991 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mexico's External Debt and the Return to Voluntary Capital Market Financing

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451954492
Total Pages : 60 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Mexico's External Debt and the Return to Voluntary Capital Market Financing by : Mr.Mohamed A. El-Erian

Download or read book Mexico's External Debt and the Return to Voluntary Capital Market Financing written by Mr.Mohamed A. El-Erian and published by International Monetary Fund. This book was released on 1991-08-01 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the evolution of Mexico’s approach to commercial bank debt restructuring since the outbreak of the 1982 debt servicing problems. It discusses the key elements of the approach, their implementation, and their interaction with developments in the “international debt strategy.” It focusses, in particular, on factors contributing to the emergence of comprehensive market-based debt and debt service reduction operations. Together with the sustained implementation of appropriate economic policies, these operations have contributed to Mexico’s return to voluntary international capital market financing. The paper discusses the major aspects of this market re-entry process.

Mexico's External Debt and the Return to Voluntary Capital Market Financing

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Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Mexico's External Debt and the Return to Voluntary Capital Market Financing by : Mohamed A. El-Erian

Download or read book Mexico's External Debt and the Return to Voluntary Capital Market Financing written by Mohamed A. El-Erian and published by . This book was released on 1991 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Emerging Capital Markets and Globalization

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Publisher : World Bank Publications
ISBN 13 : 0821365444
Total Pages : 232 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Emerging Capital Markets and Globalization by : Augusto de la Torre

Download or read book Emerging Capital Markets and Globalization written by Augusto de la Torre and published by World Bank Publications. This book was released on 2006-10-20 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.

The Restoration of Latin America's Access to Voluntary Capital Market Financing

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Publisher : International Monetary Fund
ISBN 13 : 1451957912
Total Pages : 15 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis The Restoration of Latin America's Access to Voluntary Capital Market Financing by : Mr.Mohamed A. El-Erian

Download or read book The Restoration of Latin America's Access to Voluntary Capital Market Financing written by Mr.Mohamed A. El-Erian and published by International Monetary Fund. This book was released on 1991-08-01 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: After a prolonged and almost total reliance on debt restructurings and concerted new money facilities, several Latin American countries have, over the last two years, mobilized voluntary financing from international capital markets. Although the phenomenon is still relatively limited in terms of volume and number of borrowers, it has nevertheless attracted considerable attention. The paper reviews the nature, magnitude and terms of the market re-entry process and, by drawing upon recent country experiences, analyzes the factors that have facilitated it. This provides the basis for a discussion of the key elements affecting the short-term prospects for Latin American private and public sector voluntary debt and equity financing from international capital markets.

IMF Staff papers, Volume 39 No. 1

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Publisher : International Monetary Fund
ISBN 13 : 1451956940
Total Pages : 220 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers, Volume 39 No. 1 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 39 No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1992-01-01 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on exchange rate economics. Two main views of exchange rate determination have evolved since the early 1970s: the monetary approach to the exchange rate (in flexible-price, sticky-price, and real interest differential formulations); and the portfolio balance approach. In this paper, the literature on these views is surveyed, followed by a discussion of the empirical evidence and likely future developments in the area of exchange rate determination. The literature on foreign exchange market efficiency, exchange rates and “news,” and international parity conditions is also reviewed.

Global Waves of Debt

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Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)

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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.

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.

Changing Structure of Mexico

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Publisher : Routledge
ISBN 13 : 1317475100
Total Pages : 568 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Changing Structure of Mexico by : Laura Randall

Download or read book Changing Structure of Mexico written by Laura Randall and published by Routledge. This book was released on 2015-01-28 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mexico is reinventing itself. It is moving toward a more tolerant, global, market oriented, and democratic society. This new edition of "Changing Structure of Mexico" is a comprehensive and up-to-date presentation of Mexico's political, social, and economic issues. All chapters have been rewritten by noted Mexican scholars and practitioners to provide a lucid and informative introductory reader on Mexico. The book covers such topics as Mexico's foreign economic policy and NAFTA; maquiladoras; technology policy; and Asian competition; as well as domestic economics such as banking, tax reform, and oil/energy policy; the environment; population and migration policy; the changing structure of political parties; and values and changes affecting women.

Mexico's Search For A New Development Strategy

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Publisher : Routledge
ISBN 13 : 042971419X
Total Pages : 321 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Mexico's Search For A New Development Strategy by : Dwight S. Brothers

Download or read book Mexico's Search For A New Development Strategy written by Dwight S. Brothers and published by Routledge. This book was released on 2019-08-16 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers commissioned for the Yale/Mexico Conference (New Haven, April, 1989) are organized around four themes: the economic and socio-political context; contemporary macroeconomic issues; alternative development strategies, and; financial sector reform agenda.

Economic Transformation the Mexican Way

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Publisher : MIT Press
ISBN 13 : 9780262011358
Total Pages : 306 pages
Book Rating : 4.0/5 (113 download)

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Book Synopsis Economic Transformation the Mexican Way by : Pedro Aspe Armella

Download or read book Economic Transformation the Mexican Way written by Pedro Aspe Armella and published by MIT Press. This book was released on 1993 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book examines how Mexico has tried to stabilize its economy with measures such as economic deregulation, fiscal reform, privatization of state-owned enterprises, and realistic budget management.

Financial Liberalization, Credit Constraints, and Collateral

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Publisher : International Monetary Fund
ISBN 13 : 1451844247
Total Pages : 42 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Financial Liberalization, Credit Constraints, and Collateral by : Mr.R. Gelos

Download or read book Financial Liberalization, Credit Constraints, and Collateral written by Mr.R. Gelos and published by International Monetary Fund. This book was released on 1999-03-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment-level data from the manufacturing sector. It analyzes changes in cash-flow sensitivities and uses an innovative approach to explore the role of real estate as collateral and deal with a potential censoring problem. The results suggest that financial constraints were eased for small firms but not for large ones. However, banks’ reliance on collateral in their lending operations increased the importance of real estate. The results provide microeconomic evidence consistent with the role attributed to “financial accelerator” mechanisms during lending booms and during recessions that stem from financial crises.

IMF Working Paper

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Publisher :
ISBN 13 :
Total Pages : 724 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 724 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Liquidation of Government Debt

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Publisher : International Monetary Fund
ISBN 13 : 1498338380
Total Pages : 47 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Liquidation of Government Debt by : Ms.Carmen Reinhart

Download or read book The Liquidation of Government Debt written by Ms.Carmen Reinhart and published by International Monetary Fund. This book was released on 2015-01-21 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.

Portfolio Investment Flows to Emerging Markets

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4./5 ( download)

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Book Synopsis Portfolio Investment Flows to Emerging Markets by : Sudarshan Gooptu

Download or read book Portfolio Investment Flows to Emerging Markets written by Sudarshan Gooptu and published by World Bank Publications. This book was released on 1993 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: