Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451980167
Category : Business & Economics
Languages : en
Pages : 42
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.
Simple Analytics
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451980167
Category : Business & Economics
Languages : en
Pages : 42
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.
Publisher: International Monetary Fund
ISBN: 1451980167
Category : Business & Economics
Languages : en
Pages : 42
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.
The Simple Analytics of Debt-equity Swaps
Author: Elhanan Helpman
Publisher:
ISBN:
Category : Debt
Languages : en
Pages : 48
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.
Publisher:
ISBN:
Category : Debt
Languages : en
Pages : 48
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.
Debt Swaps for Sustainable Development
Author: Dr. Jürgen Kaiser
Publisher: Iucn
ISBN:
Category : Business & Economics
Languages : en
Pages : 76
Book Description
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.
Publisher: Iucn
ISBN:
Category : Business & Economics
Languages : en
Pages : 76
Book Description
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.
Dealing with the Debt Crisis
Author: Ishrat Husain
Publisher: World Bank Publications
ISBN: 9780821312469
Category : Business & Economics
Languages : en
Pages : 326
Book Description
The debt crisis in perspective; Debt management in the late 1980s; Debt reduction and recontracting.
Publisher: World Bank Publications
ISBN: 9780821312469
Category : Business & Economics
Languages : en
Pages : 326
Book Description
The debt crisis in perspective; Debt management in the late 1980s; Debt reduction and recontracting.
Analytical Issues in Debt
Author: Mr.Peter Wickham
Publisher: International Monetary Fund
ISBN: 9781557750419
Category : Business & Economics
Languages : en
Pages : 430
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.
Publisher: International Monetary Fund
ISBN: 9781557750419
Category : Business & Economics
Languages : en
Pages : 430
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.
Private Lending to Sovereign States
Author: Daniel Cohen
Publisher: MIT Press
ISBN: 9780262031721
Category : Business & Economics
Languages : en
Pages : 212
Book Description
In this illuminating work on external debt, Daniel Cohen explodes many myths currently popular among economists, bankers, and journalists about the nature of the debt problem, its origins, and its cure.
Publisher: MIT Press
ISBN: 9780262031721
Category : Business & Economics
Languages : en
Pages : 212
Book Description
In this illuminating work on external debt, Daniel Cohen explodes many myths currently popular among economists, bankers, and journalists about the nature of the debt problem, its origins, and its cure.
Estimating the Efficiency Gains of Debt Restructuring
Author: Jeremy Bulow
Publisher: World Bank Publications
ISBN:
Category : Debt relief
Languages : en
Pages : 36
Book Description
The debt- overhang disincentive may not be as important as the broader problem of debtors' credit constraints in international capital markets. For severely indebted low- income countries, the best strategy is probably to replace nonconcessional debt with new concessional loans.
Publisher: World Bank Publications
ISBN:
Category : Debt relief
Languages : en
Pages : 36
Book Description
The debt- overhang disincentive may not be as important as the broader problem of debtors' credit constraints in international capital markets. For severely indebted low- income countries, the best strategy is probably to replace nonconcessional debt with new concessional loans.
Handbook of International Economics
Author: Ronald Winthrop Jones
Publisher: Elsevier
ISBN: 0444828648
Category : Business & Economics
Languages : en
Pages : 896
Book Description
"This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior."--Publisher's information
Publisher: Elsevier
ISBN: 0444828648
Category : Business & Economics
Languages : en
Pages : 896
Book Description
"This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior."--Publisher's information
Handbook of International Economics
Author: G.M. Grossman
Publisher: Elsevier
ISBN: 0080933459
Category : Business & Economics
Languages : en
Pages : 896
Book Description
Handbook of International Economics
Publisher: Elsevier
ISBN: 0080933459
Category : Business & Economics
Languages : en
Pages : 896
Book Description
Handbook of International Economics
Trade Dependency, Bargaining and External Debt
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451951825
Category : Business & Economics
Languages : en
Pages : 28
Book Description
This paper analyzes the factors determining the payment on outstanding debt in the presence of partial defaults, and the feasibility of renewed investment. We show that a higher relative size of sectors with lower substitutability between domestic and foreign products will increase the resource transfer ceiling. Even with a partial default, investment in highly trade dependent sectors with high productivity may be warranted. This investment can be implemented by a marginal relief of the present debt service, in exchange for investment in the proper sector. A way to partially overcome some of the monitoring problems associated with renewed investment is through direct investment.
Publisher: International Monetary Fund
ISBN: 1451951825
Category : Business & Economics
Languages : en
Pages : 28
Book Description
This paper analyzes the factors determining the payment on outstanding debt in the presence of partial defaults, and the feasibility of renewed investment. We show that a higher relative size of sectors with lower substitutability between domestic and foreign products will increase the resource transfer ceiling. Even with a partial default, investment in highly trade dependent sectors with high productivity may be warranted. This investment can be implemented by a marginal relief of the present debt service, in exchange for investment in the proper sector. A way to partially overcome some of the monitoring problems associated with renewed investment is through direct investment.