Author : Jeffrey Sachs
Publisher : World Bank Publications
Page : 64 pages
File Size : 34,90 MB
Release : 1989
Category : Debt equity conversion
ISBN :
Debt reduction poses collective action problems that cannot be efficiently handled in the framework of voluntary market-based approaches. Instead we need concerted debt restructuring, based on below-market interest rates -- perhaps linked with credit enhancement by official creditors -- to provide the most direct mechanism for efficient, equitable sharing of losses.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 39 pages
File Size : 37,65 MB
Release : 2003-09-12
Category : Business & Economics
ISBN : 149832892X
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Author : Thomas Laryea
Publisher : International Monetary Fund
Page : 30 pages
File Size : 12,48 MB
Release : 2009-06-26
Category : Business & Economics
ISBN : 1462376770
This paper examines the estimated compliance with the macroeconomic convergence targets for 2008, based on estimates contained in the IMF’s Regional Economic Outlook: Sub-Saharan Africa (the REO). SADC’s regional economic integration agenda includes a macroeconomic convergence program, intended to achieve and maintain macroeconomic stability in the region, thereby contributing to faster economic growth and laying the basis for eventual monetary union. Targets for key macroeconomic variables have been set out for 2008, 2012, and 2018. Most SADC member states have recorded solid macroeconomic performance in recent years, in general coming close to, and in many cases surpassing, the convergence targets specified for 2008. A notable exception in this regard is Zimbabwe, which was in the grip of hyperinflation. The macroeconomic targets for 2012 are ambitious and, in some cases, warrant further evaluation, given that achieving the targets may be neither necessary nor sufficient to achieve good macroeconomic results.
Author : Jeffrey Sachs
Publisher :
Page : 60 pages
File Size : 25,22 MB
Release : 1989
Category : Business & Economics
ISBN :
Author : OECD
Publisher : OECD Publishing
Page : 110 pages
File Size : 43,66 MB
Release : 2014-10-24
Category :
ISBN : 9264223258
This report provides an overview of best practices in tax debt management, with a particular emphasis on how to better differentiate debtors when deciding how to best secure payment and what can be done to ensure that payment issues are considered earlier in the compliance and collection process.
Author : Ms.Carmen Reinhart
Publisher : International Monetary Fund
Page : 47 pages
File Size : 15,89 MB
Release : 2015-01-21
Category : Business & Economics
ISBN : 1498338380
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.
Author : Dr. Jürgen Kaiser
Publisher : Iucn
Page : 76 pages
File Size : 35,98 MB
Release : 1996
Category : Business & Economics
ISBN :
This publication is aimed at helping IUCN's members to understand the scope and mechanisms of debt conversion and to spot opportunities for their own action in this important field.
Author : Nancy Birdsall
Publisher : Columbia University Press
Page : 179 pages
File Size : 25,55 MB
Release : 2002-04-17
Category : Business & Economics
ISBN : 0881324450
This study brings readers up to date on the complicated and controversial subject of debt relief for the poorest countries of the world. What has actually been achieved? Has debt relief provided truly additional resources to fight poverty? How will the design and timing of the "enhanced Heavily Indebted Poor Country (HIPC) initiative" affect the development prospects of the world's poorest countries and their people? The study then moves on to address several broader policy questions: Is debt relief a step toward more efficient and equitable government spending, building better institutions, and attracting productive private investment in the poorest countries? Who pays for debt relief? Is there a case for further relief? Most important, how can the case for debt relief be sustained in a broader effort to combat poverty in the poorest countries?
Author : Mr.Peter Wickham
Publisher : International Monetary Fund
Page : 430 pages
File Size : 11,69 MB
Release : 1989-03-15
Category : Business & Economics
ISBN : 9781557750419
This book, edited by Jacob A. Frenkel, Michael P. Dooley, and Peter Wickham, presents a sample of the work of the IMF and that of world-renowned scholars on the analytical issues surrounding the explosion of countries with debt-servicing difficulties and describes debt initiatives and debt-reduction techniques that hold the best promise for finding a lasting solution to the problems of debtor countries.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 22 pages
File Size : 33,87 MB
Release : 1988-11-07
Category : Business & Economics
ISBN : 1451949359
This paper provides empirical evidence on the determinants of long-term growth performance in a sample of 55 developing countries grouped by income levels. The evidence indicates that a model incorporating the savings rate, export performance, expenditures on human capital development, the growth of population, and the real interest rate on external debt, explains the growth performance of these countries remarkably well. The model also suggests policies that would lead to higher long-run rates of growth.
