On The Information Content Of Ldc Secondary Loan Market Prices
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| Author | : Mr.Mark R. Stone |
| Publisher | : International Monetary Fund |
| Total Pages | : 18 |
| Release | : 1991-02-01 |
| Genre | : Business & Economics |
| ISBN | : 145184378X |
This note examines the impact of measurable and unmeasurable (not correlated with observed aggregates) information on secondary market LDC loan prices. The Institutional Investor country risk ratings are used to construct a proxy for the non-quantifiable information that moves debt market values. Regression results indicate that market participants use both macroeconomic aggregates and unmeasurable information to price LDC loans. This implies that price changes unrelated to observables need not raise concerns regarding price reliability, and, in fact, such price movements may well be conveying important information not quantified elsewhere.
| Author | : Mark Stone |
| Publisher | : |
| Total Pages | : 18 |
| Release | : 2006 |
| Genre | : |
| ISBN | : |
This note examines the impact of measurable and unmeasurable (not correlated with observed aggregates) information on secondary market LDC loan prices. The Institutional Investor country risk ratings are used to construct a proxy for the non-quantifiable information that moves debt market values. Regression results indicate that market participants use both macroeconomic aggregates and unmeasurable information to price LDC loans. This implies that price changes unrelated to observables need not raise concerns regarding price reliability, and, in fact, such price movements may well be conveying important information not quantified elsewhere.
| Author | : International Monetary Fund. Research Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 256 |
| Release | : 1993-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1451947135 |
The relationship between the degree of wage indexation chosen by private agents and the degree of public debt indexation chosen by the government is examined. It is shown that the government is likely to increase public debt indexation in response to an increase in wage indexation. By contrast, higher public debt indexation has an ambiguous effect on wage indexation. In equilibrium, wage and public debt indexation may be positively or negatively related. This relationship is analyzed in situations where the policymakers can precommit to policies and in those they cannot.
| Author | : British Library of Political and Economic Science |
| Publisher | : Psychology Press |
| Total Pages | : 766 |
| Release | : 1993 |
| Genre | : Economics |
| ISBN | : 9780415074612 |
IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.
| Author | : |
| Publisher | : |
| Total Pages | : 620 |
| Release | : 1992 |
| Genre | : Finance |
| ISBN | : |
| Author | : |
| Publisher | : |
| Total Pages | : 30 |
| Release | : 1993 |
| Genre | : Economics |
| ISBN | : |
| Author | : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on International Finance and Monetary Policy |
| Publisher | : |
| Total Pages | : 656 |
| Release | : 1987 |
| Genre | : Balance of trade |
| ISBN | : |
| Author | : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs |
| Publisher | : |
| Total Pages | : 494 |
| Release | : 1986 |
| Genre | : Agricultural credit |
| ISBN | : |
| Author | : MARGARET R. KELLY, IAN S. McDONALD, ROZLYN COLEMAN AND SARA KANE |
| Publisher | : |
| Total Pages | : 510 |
| Release | : 1993 |
| Genre | : |
| ISBN | : |
| Author | : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on International Finance and Monetary Policy |
| Publisher | : |
| Total Pages | : 254 |
| Release | : 1988 |
| Genre | : Debts, External |
| ISBN | : |
