Measuring the Risk of default in six highly indebted countries

Measuring the Risk of default in six highly indebted countries PDF Author: Marc Chesney
Publisher: World Bank Publications
ISBN:
Category : Debt relief
Languages : en
Pages : 27

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Book Description
The risk that the debtor country will default on its external debt may be significantly decreased by a debt-reduction operation, by a reduction in international interest rates, and by changes in the country's willingness to pay.

Measuring the Risk of default in six highly indebted countries

Measuring the Risk of default in six highly indebted countries PDF Author: Marc Chesney
Publisher: World Bank Publications
ISBN:
Category : Debt relief
Languages : en
Pages : 27

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Book Description
The risk that the debtor country will default on its external debt may be significantly decreased by a debt-reduction operation, by a reduction in international interest rates, and by changes in the country's willingness to pay.

An Econometric Analysis of Countries' Repayment Performance to the International Monetary Fund

An Econometric Analysis of Countries' Repayment Performance to the International Monetary Fund PDF Author: Mrs.Lynn Aylward
Publisher: International Monetary Fund
ISBN: 1451979894
Category : Business & Economics
Languages : en
Pages : 48

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Book Description
While the literature on external debt repayment performance by sovereign debtors is extensive, repayment performance vis-à-vis the International Monetary Fund has not been dealt with separately. Given differences between the Fund and other providers of financial resources, this paper considers whether it is possible to distinguish through logit analysis between the countries that make timely repayments to the Fund and those that become overdue. The paper finds that the inclusion of Fund-specific financial variables and a small number of macroeconomic variables yields a highly significant econometric model of the probability of a country incurring Fund arrears.

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.

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.

Economic Incentives and Point Source Emissions

Economic Incentives and Point Source Emissions PDF Author:
Publisher: World Bank Publications
ISBN: 9610030157
Category :
Languages : en
Pages : 51

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Book Description


Creditor Country Regulations and Commercial Bank Lending to Developing Countries

Creditor Country Regulations and Commercial Bank Lending to Developing Countries PDF Author: Asl? Demirgüç-Kunt
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 42

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Book Description


Options for Reshaping the Railway

Options for Reshaping the Railway PDF Author: Neil E. Moyer
Publisher: World Bank Publications
ISBN:
Category : Ferrocarriles
Languages : en
Pages : 75

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Book Description
Changing transport demands and growing competition from trucks, autos, and air transport are forcing the monolithic railway to change. Options for change must be adapted to different national and other circumstances, with a suitable tradeoff between efficiency of production and effectiveness in meeting market needs.

Listening to Firms

Listening to Firms PDF Author: Andrew H. W. Stone
Publisher: World Bank Publications
ISBN:
Category : Business enterprises
Languages : en
Pages : 32

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Book Description
Firm-level surveys reveal information central to formulating policy advice and projects to promote private sector development, often challenging conventional wisdom. This common sense guide suggests how to do surveys well.

Central America at a Crossroads

Central America at a Crossroads PDF Author: Sylvia Saborío Alvarado
Publisher:
ISBN:
Category :
Languages : en
Pages : 36

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Book Description


Pesticide Externalities, Comparative Advantage, and Commodity Trade

Pesticide Externalities, Comparative Advantage, and Commodity Trade PDF Author: Nalin M. Kishor
Publisher: World Bank Publications
ISBN:
Category : Abonos y fertilizantes
Languages : en
Pages : 129

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Book Description
Implementing integrated pest management in coastal Andhra Pradesh, India, would reduce not only the external costs but also the private costs of cotton cultivation.