Deriving Developing Country Repayment Capacity from the Market Prices of Sovereign Debt
| Author | : Stijn Claessens |
| Publisher | : World Bank Publications |
| Total Pages | : 43 |
| Release | : |
| Genre | : |
| ISBN | : |
Deriving Developing Country Repayment Capacity From The Market Prices Of Sovereign Debt
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Deriving Developing Country Repayment Capacity from the Market Prices of Sovereign Debt
| Author | : Stijn Claessens |
| Publisher | : |
| Total Pages | : 54 |
| Release | : 1992 |
| Genre | : Debt equity conversion |
| ISBN | : |
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
| Author | : Mr.Udaibir S. Das |
| Publisher | : International Monetary Fund |
| Total Pages | : 128 |
| Release | : 2012-08-01 |
| Genre | : Business & Economics |
| ISBN | : 1475505531 |
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.
Guidelines for Public Debt Management -- Amended
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 39 |
| Release | : 2003-09-12 |
| Genre | : Business & Economics |
| ISBN | : 149832892X |
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A Primer on Managing Sovereign Debt-Portfolio Risks
| Author | : Thordur Jonasson |
| Publisher | : International Monetary Fund |
| Total Pages | : 133 |
| Release | : 2018-04-06 |
| Genre | : Business & Economics |
| ISBN | : 1484350545 |
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.
Recent Private Capital Inflows to Developing Countries
| Author | : Michael Patrick Dooley |
| Publisher | : World Bank Publications |
| Total Pages | : 36 |
| Release | : 1994 |
| Genre | : Capital movements |
| ISBN | : |
This empirical study finds that while debt reduction and policy reforms in debtor countries have been important determinants of renewed access to international capital markets, changes in international interest rates have been the dominant factor. We calculate the effects of changes in international interest rates for a 'typical' debtor country. We conclude that increases in interest rates associated with business cycle upturn in industrial countries could depress the secondary market prices of existing debt to levels inconsistent with continued capital inflows.
International Business and Finance Issues
| Author | : Alan N. Kendall |
| Publisher | : |
| Total Pages | : 370 |
| Release | : 2007 |
| Genre | : Commerce |
| ISBN | : |
Globalisation has forced international issues to a prime consideration of businesses at every level. Formerly arcane topics like exchange rates, risk and international taxation among dozens of other such issues are the focus of this book.
Hospital Cost Functions for Developing Countries
| Author | : Adam Wagstaff |
| Publisher | : |
| Total Pages | : 44 |
| Release | : 1992 |
| Genre | : Economia de la salud - Paises en desarrollo |
| ISBN | : |
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.
Handbook of International Economics
| Author | : G.M. Grossman |
| Publisher | : Elsevier |
| Total Pages | : 904 |
| Release | : 1995-12-13 |
| Genre | : Business & Economics |
| ISBN | : 9780444815477 |
This reference accords recognition to the recent revolution in macroeconomics wrought by imperfect competition. Grossman and Rogoff (Princeton U.) present chapters by two dozen contributors on two prime areas of research interest: international trade theory and policy (e.g. strategic trade patterns and policies, the relationship between trade and technological progress), and open economy macroeconomics and international finance (covering such topics as exchange rates, foreign lending, and policy coordination). The volume commences with Krugman's overview of the positive theory of international trade, and concludes with analyses of sovereign debt. Annotation copyrighted by Book News, Inc., Portland, OR.
