The Impact of Exchange Rate Changes Between Key Currencies on the Debt Structure and Debt Service Burden of Developing Countries

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ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Impact of Exchange Rate Changes Between Key Currencies on the Debt Structure and Debt Service Burden of Developing Countries by : Helmut W. Mayer

Download or read book The Impact of Exchange Rate Changes Between Key Currencies on the Debt Structure and Debt Service Burden of Developing Countries written by Helmut W. Mayer and published by . This book was released on 1987 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Exchange Rate Changes Between Key Currencies on the Debt Structure and Debt Service Burden of Developing Countries

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ISBN 13 :
Total Pages : 15 pages
Book Rating : 4.:/5 (99 download)

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Book Synopsis The Impact of Exchange Rate Changes Between Key Currencies on the Debt Structure and Debt Service Burden of Developing Countries by : Mayer

Download or read book The Impact of Exchange Rate Changes Between Key Currencies on the Debt Structure and Debt Service Burden of Developing Countries written by Mayer and published by . This book was released on 1984 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Debt, Deficits, and Exchange Rates

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781781959541
Total Pages : 264 pages
Book Rating : 4.9/5 (595 download)

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Book Synopsis Debt, Deficits, and Exchange Rates by : Helmut Reisen

Download or read book Debt, Deficits, and Exchange Rates written by Helmut Reisen and published by Edward Elgar Publishing. This book was released on 1994-01-01 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The collection of essays would provide an excellent supplement to course texts by emphasising the practical applications of theoretical ideas to contemporary international issues.' - Nick Snowden, The Economic Journal '. . . this volume provides an interesting collection of papers for those seeking a better understanding of the financial aspects of LDEs' relations with the rest of the world and, in particular, for those wishing to explore the vastly different experience with foreign borrowing of East Asia, on the one hand, and Latin America, on the other.' - Ross McLeod, Asian-Pacific Economic Literature Debt, Deficits and Exchange Rates presents recent work by Helmut Reisen on current international monetary problems in East Asia and Latin America. Written over the last four years, these papers are readily accessible and of immediate policy relevance.

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.

Fiscal Policy in Open Developing Economies

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Publisher : International Monetary Fund
ISBN 13 : 1557751714
Total Pages : 244 pages
Book Rating : 4.5/5 (577 download)

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Book Synopsis Fiscal Policy in Open Developing Economies by : Mr.Vito Tanzi

Download or read book Fiscal Policy in Open Developing Economies written by Mr.Vito Tanzi and published by International Monetary Fund. This book was released on 1990-06-15 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on papers presented at the 44th Congress of the international Institute of Public Finance, this book, edited by Vito Tanzi, deals with public finance and macroeconomic policy in open, developing economies, with case studies of Chile, Mexico, Turkey, Korea, and the Arab oil exporting countries.

The Role of Foreign Currency Debt in Public Debt Management

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Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Role of Foreign Currency Debt in Public Debt Management by : Patrick de Fontenay

Download or read book The Role of Foreign Currency Debt in Public Debt Management written by Patrick de Fontenay and published by . This book was released on 1995 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

the growth in government domestic debt: changing burdens and risks

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4./5 ( download)

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Book Synopsis the growth in government domestic debt: changing burdens and risks by : James A. Hanson

Download or read book the growth in government domestic debt: changing burdens and risks written by James A. Hanson and published by World Bank Publications. This book was released on 2007 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper analyzes the recent growth of government domestic debt, including central bank debt, using a new data base on government domestic debt in developing countries with large, open financial systems. On average, government domestic debt grew much faster than GDP between 1994 and 2004 and became larger than foreign debt. The rapid growth of domestic debt reflects financial crises, the growth of central bank debt and the greater attractiveness to governments of issuing domestic debt as well as the recent increase in demands for it. Both its attractiveness and the increased demands for it reflect the current benign international environment to some degree. The main risk of government debt, domestic or foreign, remains its overall size relative to a country's fiscal, financial, and political institutions. While government domestic debt can help the domestic private capital market, large domestic debt, like large external debt, has risks. For example, there can be "sudden stops" in the demand for domestic debt as well as in foreign lending. Governments need to be aware of the risks and burdens in domestic debt issue-crowding out small borrowers, transferring risks to banks when issuing longer maturity, fixed-interest domestic debt and reducing returns, and imposing risks on holders of pensions, annuities, and life insurance policies. Growth of central bank debt can divert central banks from pursuit of the objective of price stability.

Expansionary Austerity New International Evidence

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Publisher : International Monetary Fund
ISBN 13 : 1455294691
Total Pages : 41 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Expansionary Austerity New International Evidence by : Mr.Daniel Leigh

Download or read book Expansionary Austerity New International Evidence written by Mr.Daniel Leigh and published by International Monetary Fund. This book was released on 2011-07-01 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.

Exchange Rate Policy and Liability Dollarization

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Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Exchange Rate Policy and Liability Dollarization by : Pelin Berkmen

Download or read book Exchange Rate Policy and Liability Dollarization written by Pelin Berkmen and published by . This book was released on 2007 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper identifies the contemporaneous relationship between the exchange rate policy and external debt dollarization in a panel of industrial and developing countries. The presence of endogeneity makes the task of empirical identification elusive. The paper uses the method of "identification through heteroskedasticity" developed by Rigobon (2003) to solve the problem of identification in the present context. It finds that, controlling for endogeneity, countries with aggregate liability dollarization tend to be more actively involved in exchange rate stabilization operations, but it finds mixed results for the reverse causality.

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.

Variability in the Exchange Rates of Key Currencies in the 1980s

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Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Variability in the Exchange Rates of Key Currencies in the 1980s by : Gerardo S. Tison

Download or read book Variability in the Exchange Rates of Key Currencies in the 1980s written by Gerardo S. Tison and published by . This book was released on 1987 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Guidelines for Public Debt Management -- Amended

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Publisher : International Monetary Fund
ISBN 13 : 149832892X
Total Pages : 39 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Guidelines for Public Debt Management -- Amended by : International Monetary Fund

Download or read book Guidelines for Public Debt Management -- Amended written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-09-12 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Dealing with the Debt Crisis

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Publisher : World Bank Publications
ISBN 13 : 9780821312469
Total Pages : 326 pages
Book Rating : 4.3/5 (124 download)

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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.

Exchange Rate Policy and Debt Crises in Emerging Economies

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Exchange Rate Policy and Debt Crises in Emerging Economies by : Samir Jahjah

Download or read book Exchange Rate Policy and Debt Crises in Emerging Economies written by Samir Jahjah and published by International Monetary Fund. This book was released on 2003-03 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: We explore a model intended to capture the interaction between exchange rate policy, fiscal policy, and outright default on foreign-currency denominated debt. We examine how the exchange rate affects the supply of short-term debt facing the government. We show that under a credible hard peg (currency board), default is a more likely outcome, even without an exceptionally large short-term debt, precisely because a devaluation is not an option. In a more conventional fixed peg, it can be optimal for the government to choose a level of the exchange rate that would be likely to result in partial or complete debt default. Depending on the exchange rate regime, multiple equilibria exist, in one of which the interest rate is high, the exchange rate is overvalued, output is low, and default is high. Under a hard peg, there is a unique equilibrium.

Optimal Currency Composition of Foreign Debt

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Publisher :
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Optimal Currency Composition of Foreign Debt by : Pier Giorgio Gawronski

Download or read book Optimal Currency Composition of Foreign Debt written by Pier Giorgio Gawronski and published by . This book was released on 1990 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Growth-oriented Adjustment Strategies : the Role of Exchange Rate Policies and Trade Liberalization

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (36 download)

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Book Synopsis Growth-oriented Adjustment Strategies : the Role of Exchange Rate Policies and Trade Liberalization by : Susan M. Schadler

Download or read book Growth-oriented Adjustment Strategies : the Role of Exchange Rate Policies and Trade Liberalization written by Susan M. Schadler and published by . This book was released on 1989 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Public Sector Debt Statistics

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Publisher : International Monetary Fund
ISBN 13 : 161635156X
Total Pages : 230 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Public Sector Debt Statistics by : International Monetary Fund

Download or read book Public Sector Debt Statistics written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-12-08 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of recent years and the associated large fiscal deficits and debt levels that have impacted many countries underscores the importance of reliable and timely government statistics and, more broadly, public sector debt as a critical element in countries fiscal and external sustainability. Public Sector Debt Statistics is the first international guide of its kind, and its primary objectives are to improve the quality and timeliness of key debt statistics and promote a convergence of recording practices to foster international comparability and as a reference for national compilers and users for compiling and disseminating these data. Like other statistical guides published by the IMF, this one was prepared in consultation with countries and international agencies, including the nine organizations of the Inter-Agency Task Force on Finance Statistics (TFFS). The guide's preparation was based on the broad range of experience of our institutions and benefitted from consultation with national compilers of government finance and public sector debt statistics. The guide's concepts are harmonized with those of the System of National Accounts (2008) and the Balance of Payments and International Investment Position Manual, Sixth Edition.