Author: Asl? Demirgüç-Kunt
Publisher: World Bank Publications
ISBN:
Category : Credito
Languages : en
Pages : 35
Book Description
Burden-sharing Among Official and Private Creditors
Author: Asl? Demirgüç-Kunt
Publisher: World Bank Publications
ISBN:
Category : Credito
Languages : en
Pages : 35
Book Description
Publisher: World Bank Publications
ISBN:
Category : Credito
Languages : en
Pages : 35
Book Description
A Note on Burden Sharing Among Creditors
Author: Michael Patrick Dooley
Publisher:
ISBN:
Category :
Languages : en
Pages : 19
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 19
Book Description
A Note on Burden Sharing Among Creditors
Author: Michael P. Dooley
Publisher:
ISBN:
Category : Debtor and creditor
Languages : en
Pages : 50
Book Description
Publisher:
ISBN:
Category : Debtor and creditor
Languages : en
Pages : 50
Book Description
Working Paper Summaries (WP/92/1 - WP/92/47)
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451966482
Category : Business & Economics
Languages : en
Pages : 54
Book Description
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Publisher: International Monetary Fund
ISBN: 1451966482
Category : Business & Economics
Languages : en
Pages : 54
Book Description
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Staff Guidance Note on Information Sharing in The Context of Sovereign Debt Restructurings
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 15
Book Description
The guidance note sets out principles governing information sharing in the context of sovereign debt restructurings. It restates the existing Fund governance and policy guidelines for information sharing to help inform and harmonize practices across Fund country teams. In addition to outlining guiding principles applicable to information sharing, it provides guidance on what level of information can be shared during each stage of the restructuring and program design process and in the surveillance context
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 15
Book Description
The guidance note sets out principles governing information sharing in the context of sovereign debt restructurings. It restates the existing Fund governance and policy guidelines for information sharing to help inform and harmonize practices across Fund country teams. In addition to outlining guiding principles applicable to information sharing, it provides guidance on what level of information can be shared during each stage of the restructuring and program design process and in the surveillance context
A Note on Burden Sharing Among Creditors
Author: Richard Haas
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
Book Description
This paper presents a framework for evaluating the relative contributions of different creditors in cases where only partial payments can be made by the debtor country. A methodology is developed to calculate partial payments or alternatively put determine residual financing.By focusing on the relative seniority of creditors and expectations of the debtor`s ability to repay alternative sharing rules are quantified. The measure is based on the expected present value of payments. Creditors earning a below-market rate of return suffer a burden; creditors earning the same rate of return are said to share the burden equally.
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
Book Description
This paper presents a framework for evaluating the relative contributions of different creditors in cases where only partial payments can be made by the debtor country. A methodology is developed to calculate partial payments or alternatively put determine residual financing.By focusing on the relative seniority of creditors and expectations of the debtor`s ability to repay alternative sharing rules are quantified. The measure is based on the expected present value of payments. Creditors earning a below-market rate of return suffer a burden; creditors earning the same rate of return are said to share the burden equally.
Understanding Interdependence
Author: Peter B. Kenen
Publisher: Princeton University Press
ISBN: 0691231133
Category : Business & Economics
Languages : en
Pages : 566
Book Description
Drawing together new papers by some of today's leading figures in international economics and finance, Understanding Interdependence surveys the current state of knowledge on the international monetary system and, by implication, defines the research horizon for the future. Covering topics including the behavior of exchange rates, the choice of exchange-rate regime, current-account adjustment in classical and Keynesian models, the extent and effects of capital mobility, international debt, the stabilization and reform of the formerly planned economies, European monetary union, and international policy coordination, the book underscores the importance of these subjects and identifies lessons for policymakers. The contributors to the volume are Michael Bruno, Ralph C. Bryant, Richard N. Cooper, Michael P. Dooley, Barry Eichengreen, Stanley Fischer, Charles A. E. Goodhart, Peter Hooper, Peter B. Kenen, Paul R. Krugman, Henri Lorie, Jaime Marquez, Ronald I. McKinnon, Michael Mussa, Maurice Obstfeld, John Odling-Smee, Assaf Razin, Dani Rodrik, Mark P. Taylor, and John Williamson.
Publisher: Princeton University Press
ISBN: 0691231133
Category : Business & Economics
Languages : en
Pages : 566
Book Description
Drawing together new papers by some of today's leading figures in international economics and finance, Understanding Interdependence surveys the current state of knowledge on the international monetary system and, by implication, defines the research horizon for the future. Covering topics including the behavior of exchange rates, the choice of exchange-rate regime, current-account adjustment in classical and Keynesian models, the extent and effects of capital mobility, international debt, the stabilization and reform of the formerly planned economies, European monetary union, and international policy coordination, the book underscores the importance of these subjects and identifies lessons for policymakers. The contributors to the volume are Michael Bruno, Ralph C. Bryant, Richard N. Cooper, Michael P. Dooley, Barry Eichengreen, Stanley Fischer, Charles A. E. Goodhart, Peter Hooper, Peter B. Kenen, Paul R. Krugman, Henri Lorie, Jaime Marquez, Ronald I. McKinnon, Michael Mussa, Maurice Obstfeld, John Odling-Smee, Assaf Razin, Dani Rodrik, Mark P. Taylor, and John Williamson.
"Burden Sharing" in Sovereign Debt Reduction
Author: Mark Spiegel
Publisher:
ISBN:
Category : Debt relief
Languages : en
Pages : 32
Book Description
Publisher:
ISBN:
Category : Debt relief
Languages : en
Pages : 32
Book Description
Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies
Author: Mr.Federico J Diez
Publisher: International Monetary Fund
ISBN: 1513574566
Category : Business & Economics
Languages : en
Pages : 29
Book Description
The COVID-19 pandemic has increased insolvency risks, especially among small and medium enterprises (SMEs), which are vastly overrepresented in hard-hit sectors. Without government intervention, even firms that are viable a priori could end up being liquidated—particularly in sectors characterized by labor-intensive technologies, threatening both macroeconomic and social stability. This staff discussion note assesses the impact of the pandemic on SME insolvency risks and policy options to address them. It quantifies the impact of weaker aggregate demand, changes in sectoral consumption patterns, and lockdowns on firm balance sheets and estimates the impact of a range of policy options, for a large sample of SMEs in (mostly) advanced economies.
Publisher: International Monetary Fund
ISBN: 1513574566
Category : Business & Economics
Languages : en
Pages : 29
Book Description
The COVID-19 pandemic has increased insolvency risks, especially among small and medium enterprises (SMEs), which are vastly overrepresented in hard-hit sectors. Without government intervention, even firms that are viable a priori could end up being liquidated—particularly in sectors characterized by labor-intensive technologies, threatening both macroeconomic and social stability. This staff discussion note assesses the impact of the pandemic on SME insolvency risks and policy options to address them. It quantifies the impact of weaker aggregate demand, changes in sectoral consumption patterns, and lockdowns on firm balance sheets and estimates the impact of a range of policy options, for a large sample of SMEs in (mostly) advanced economies.
IMF Staff papers
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451930852
Category : Business & Economics
Languages : en
Pages : 196
Book Description
This paper uses microeconomic panel data to examine differences in the cyclical variability of employment, hours, and real wages for skilled and unskilled workers. Contrary to conventional wisdom, it finds that, at the aggregate level, skilled and unskilled workers are subject to the same degree of cyclical variation in wages. However, the quality of labor input is found to rise in recessions, inducing a countercyclical bias in aggregate measures of the real wage. The paper also finds substantial differences across industries in the cyclical variation of employment, hours, and wage differentials, indicating important interindustry differences in labor contracting.
Publisher: International Monetary Fund
ISBN: 1451930852
Category : Business & Economics
Languages : en
Pages : 196
Book Description
This paper uses microeconomic panel data to examine differences in the cyclical variability of employment, hours, and real wages for skilled and unskilled workers. Contrary to conventional wisdom, it finds that, at the aggregate level, skilled and unskilled workers are subject to the same degree of cyclical variation in wages. However, the quality of labor input is found to rise in recessions, inducing a countercyclical bias in aggregate measures of the real wage. The paper also finds substantial differences across industries in the cyclical variation of employment, hours, and wage differentials, indicating important interindustry differences in labor contracting.