Deriving Developing Country Repayment Capacity from the Market Prices of Sovereign Debt

Deriving Developing Country Repayment Capacity from the Market Prices of Sovereign Debt PDF Author: Stijn Claessens
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 43

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Deriving Developing Country Repayment Capacity from the Market Prices of Sovereign Debt

Deriving Developing Country Repayment Capacity from the Market Prices of Sovereign Debt PDF Author: Stijn Claessens
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 43

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Book Description


Deriving Developing Country Repayment Capacity from the Market Prices of Sovereign Debt

Deriving Developing Country Repayment Capacity from the Market Prices of Sovereign Debt PDF Author: Stijn Claessens
Publisher:
ISBN:
Category : Debt equity conversion
Languages : en
Pages : 54

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Book Description
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.

Sovereign Debt Restructurings 1950-2010

Sovereign Debt Restructurings 1950-2010 PDF Author: Mr.Udaibir S. Das
Publisher: International Monetary Fund
ISBN: 1475505531
Category : Business & Economics
Languages : en
Pages : 128

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Book Description
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.

A Primer on Managing Sovereign Debt-Portfolio Risks

A Primer on Managing Sovereign Debt-Portfolio Risks PDF Author: Thordur Jonasson
Publisher: International Monetary Fund
ISBN: 1484350545
Category : Business & Economics
Languages : en
Pages : 133

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Book Description
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.

Asian Bibliography

Asian Bibliography PDF Author:
Publisher:
ISBN:
Category : Asia
Languages : en
Pages : 822

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Guidelines for Public Debt Management -- Amended

Guidelines for Public Debt Management -- Amended PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 149832892X
Category : Business & Economics
Languages : en
Pages : 39

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Hospital Cost Functions for Developing Countries

Hospital Cost Functions for Developing Countries PDF Author: Adam Wagstaff
Publisher:
ISBN:
Category : Economia de la salud - Paises en desarrollo
Languages : en
Pages : 44

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Book Description
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.

World Bank Project-financed Research on Population, Health, and Nutrition

World Bank Project-financed Research on Population, Health, and Nutrition PDF Author: James Price Gittinger
Publisher: World Bank Publications
ISBN:
Category : Health
Languages : en
Pages : 22

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Measuring the Incomes of Economies of the Former Soviet Union

Measuring the Incomes of Economies of the Former Soviet Union PDF Author:
Publisher: World Bank Publications
ISBN:
Category : Former Soviet republics
Languages : en
Pages : 77

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Earnings and Education in Latin America

Earnings and Education in Latin America PDF Author: George Psacharopoulos
Publisher: World Bank Publications
ISBN:
Category : Educacion - America Latina
Languages : en
Pages : 101

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Book Description