Author : Stijn Claessens
Publisher : World Bank Publications
Page : 43 pages
File Size : 11,79 MB
Release :
Category :
ISBN :
Author : Stijn Claessens
Publisher :
Page : 54 pages
File Size : 36,84 MB
Release : 1992
Category : Debt equity conversion
ISBN :
The market prices of developing countries' debts are imperfect indicators of the countries' payment capacity, for three reasons: the concave shape of the debbt's payoff structure, the presence of third- party guarantees, and the differences in the terms of various debt claims. This new model takes those factors into account.
Author : Mr.Udaibir S. Das
Publisher : International Monetary Fund
Page : 128 pages
File Size : 29,98 MB
Release : 2012-08-01
Category : Business & Economics
ISBN : 1475505531
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.
Author :
Publisher :
Page : 822 pages
File Size : 13,55 MB
Release : 1994
Category : Asia
ISBN :
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 39 pages
File Size : 45,60 MB
Release : 2003-09-12
Category : Business & Economics
ISBN : 149832892X
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Author : Thordur Jonasson
Publisher : International Monetary Fund
Page : 133 pages
File Size : 18,95 MB
Release : 2018-04-06
Category : Business & Economics
ISBN : 1484350545
This paper provides an overview of sovereign debt portfolio risks and discusses various liability management operations (LMOs) and instruments used by public debt managers to mitigate these risks. Debt management strategies analyzed in the context of helping reach debt portfolio targets and attain desired portfolio structures. Also, the paper outlines how LMOs could be integrated into a debt management strategy and serve as policy tools to reduce potential debt portfolio vulnerabilities. Further, the paper presents operational issues faced by debt managers, including the need to develop a risk management framework, interactions of debt management with fiscal policy, monetary policy, and financial stability, as well as efficient government bond markets.
Author : Alan N. Kendall
Publisher :
Page : 370 pages
File Size : 35,92 MB
Release : 2007
Category : Commerce
ISBN :
Globalisation has forced international issues to a prime consideration of businesses at every level. Formerly arcane topics like exchange rates, risk and international taxation among dozens of other such issues are the focus of this book.
Author : Adam Wagstaff
Publisher :
Page : 44 pages
File Size : 21,40 MB
Release : 1992
Category : Economia de la salud - Paises en desarrollo
ISBN :
A critical survey of the techniques available for analyzing hospital costs and a review of the few hospital cost- function studies undertaken for developing countries.
Author : James Price Gittinger
Publisher : World Bank Publications
Page : 22 pages
File Size : 17,28 MB
Release : 1992
Category : Health
ISBN :
Author : Michael Patrick Dooley
Publisher : World Bank Publications
Page : 36 pages
File Size : 27,62 MB
Release : 1994
Category : Capital movements
ISBN :
This empirical study finds that while debt reduction and policy reforms in debtor countries have been important determinants of renewed access to international capital markets, changes in international interest rates have been the dominant factor. We calculate the effects of changes in international interest rates for a 'typical' debtor country. We conclude that increases in interest rates associated with business cycle upturn in industrial countries could depress the secondary market prices of existing debt to levels inconsistent with continued capital inflows.
