Cash Debt Buybacks and the Insurance Value of Reserves PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Cash Debt Buybacks and the Insurance Value of Reserves PDF full book. Access full book title Cash Debt Buybacks and the Insurance Value of Reserves by . Download full books in PDF and EPUB format.
Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 16
Get Book Here
Book Description
Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 16
Get Book Here
Book Description
Author: Sweder van Wijnbergen
Publisher:
ISBN:
Category : Debt equity conversion
Languages : en
Pages : 20
Get Book Here
Book Description
Secondary market prices on debt don't reflect the insurance value reserves have for debtors (but not creditors) -- so a country buying back debt with reserves may end up worse off in terms of welfare.
Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
ISBN: 1484350162
Category : Business & Economics
Languages : en
Pages : 258
Get Book Here
Book Description
This update of the guidelines published in 2001 sets forth the underlying framework for the Reserves Data Template and provides operational advice for its use. The updated version also includes three new appendices aimed at assisting member countries in reporting the required data.
Author: Nancy Birdsall
Publisher: World Bank Publications
ISBN:
Category : Desarrollo social
Languages : en
Pages : 43
Get Book Here
Book Description
In most countries it is easy to identify reallocations of public spending for social programs that would improve efficiency and simultaneously improve the distribution of income and better serve the poor. The authors suggest why these reallocations are difficult but not impossible to bring about.
Author: John Wakeman-Linn
Publisher: World Bank Publications
ISBN:
Category : Debts, Public
Languages : en
Pages : 47
Get Book Here
Book Description
Creditors and highly indebted countries alike would benefit from a credit market in which penalties for default were heavier or more certain, in which multinational and international organizations were used to improve the flow of information about the debtor countries to possible creditors, and in which methods were designed to increase the precommitment of funds.
Author: Paul Michael Romer
Publisher: World Bank Publications
ISBN:
Category : Economic development
Languages : en
Pages : 50
Get Book Here
Book Description
Policies to encourage more open trading and accumulation of human capital may be as important to growth and technological change as additional foreign lending.
Author: Barry J. Eichengreen
Publisher: World Bank Publications
ISBN:
Category : Capital market
Languages : en
Pages : 62
Get Book Here
Book Description
This paper analyzes the sovereign defaults of the 1930s and their implications for the debt crisis of the 1980s. It reports nine major findings. There is little evidence that financial markets have grown more sophisticated' over time, or that banks have a comparative advantage over the bond market in processing information. (2) Debt default in the 1930s depended on a combination of factors, . including the magnitude of the external shocks, the level of debt, and: the: economic policy response, as well as on a range, of: noneconomic considerations. (3) Countries which interrupted service recovered more quickly from the Great Depression than countries which resisted default. This contrasts with the experience of the 1980s, when no clearcut relationship exists (4) There is little evidence that countries which defaulted in the 19305 suffered inferior capital market access subsequently. (S} The readjustment of defaulted debts was protracted: the analogy with Chapter 11 corporate bankruptcy proceedings is no more applicable to the 1930s than to the 1980s. (6) Although default led in some cases to a substantial reduction of transfers from debtors to creditors, on balance returns on sovereign loans compared favorably with returns on domestic investments. (7) Creditor-country governments did more in the 'thirties than in the 'eighties to accelerate the settlement process. (3) Global schemes analogous to the Baker Plan were widely proposed but never implemented. (9) In contrast, market-based debt reduction in the form G debt buybacks played a useful role in the resolution of the crisis.
Author: Helmut Reisen
Publisher: World Bank Publications
ISBN:
Category : Debts, Public
Languages : en
Pages : 40
Get Book Here
Book Description
Why has government debt risen since 1984 despite rationed foreign lending and efforts at fiscal consolidation? And how can the rising debt be stopped? Possible remedies are growth -oriented fiscal adjustment, improved debt management, and voluntary debt reduction.
Author: Jagdeep S. Bhandari
Publisher: World Bank Publications
ISBN:
Category : Debt relief
Languages : en
Pages : 51
Get Book Here
Book Description
This paper develops a macroeconomic model for a small, open, developing economy that borrows abroad - to study the dynamic interaction between debt and growth and the impacts of various policies and exogenous shocks on the rate of capital accumulation, the current account, and debt. Adjustment policies that increase productivity and efficient use of capital increase both growth and the stock of external debt - but the new level of debt may be sustainable in the long run.
Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 42
Get Book Here
Book Description
