The Impact of Debt-equity Swaps on the Domestic Economy PDF Download
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Author: Alexandre A. Tombini
Publisher:
ISBN:
Category :
Languages : en
Pages : 26
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Book Description
Author: Alexandre A. Tombini
Publisher:
ISBN:
Category :
Languages : en
Pages : 26
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Book Description
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451923503
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
This paper describes the development of debt/equity swaps in the years following the emergence of the international debt crisis. It discusses some of the possible advantages and disadvantages offered by such swaps to three groups of participants--the commercial banks, the investing companies, and the indebted countries. It also provides an analysis of how these swaps are treated in the balance of payments accounts of an indebted country and discusses their possible effects on that country’s money supply, foreign exchange rate and economic growth. The paper concludes that debt/equity swaps can help to make a country’s debt burden more manageable and can contribute to economic growth, but only to a limited extent.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451980167
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
This paper is concerned with debt-equity swaps in which foreign residents are a party to the exchange (i.e., it does not deal with flight capital), and with debt forgiveness. The seemingly unrelated issues of debt-equity swaps and debt forgiveness are jointly treated in this study, because debt forgiveness is in fact a special case of debt-equity swaps. Namely, it is a swap in which a positive amount of debt is exchanged for zero equity. For this reason these two problems have many common features.
Author: United Nations. Transnational Corporations and Management Division
Publisher: New York : United Nations
ISBN:
Category : Business & Economics
Languages : en
Pages : 152
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Book Description
Author: Daniel Oks
Publisher: World Bank Publications
ISBN:
Category : Debt equity conversion
Languages : en
Pages : 42
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Book Description
This model explains why debt- equity swaps tend to raise the steady- state price of sovereign debt in Chile and Brazil and reduce it in Argentina and Mexico.
Author: Steven M. Rubin
Publisher:
ISBN:
Category : Barter
Languages : en
Pages : 238
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Book Description
Author: Andrew Hilton
Publisher:
ISBN:
Category : Debts, External
Languages : en
Pages : 124
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Book Description
Author: Mr.Peter Wickham
Publisher: International Monetary Fund
ISBN: 9781557750419
Category : Business & Economics
Languages : en
Pages : 430
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Book Description
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: Lewis S. Alexander
Publisher:
ISBN:
Category : Debts, External
Languages : en
Pages : 50
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Book Description
Author: Elhanan Helpman
Publisher:
ISBN:
Category : Debt
Languages : en
Pages : 48
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Book Description
Recent attempts to resolve the international debt crisis have lead some countries to engage in debt-equity swaps. The paper explores conditions under which such transactions are beneficial to the debtor as well as the creditors. It identifies a market failure that may prevent the emergence of actually beneficial swaps and analyzes the effects of swaps on the investment level in the debtor country. The latter helps to evaluate the contribution of this policy to future difficulties with debt service payments.
