Download or read book Do the Secondary Markets Believe in Life After Debt written by Vassilis A. Hajivassiliou and published by . This book was released on 1989 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Secondary market values tend to reflect past difficulties rather than anticipate future ones. They can't be used to build a case for debt relief on the grounds that it would cause secondary discounts to fall and hence the value of outstanding debt to rise.

Download or read book Do the Secondary Markets Believe in Life after Debt written by Sanjay Kathuria and published by . This book was released on 2017 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using panel data econometric techniques to examine the case for external debt relief, this report explores the relations between measures of creditworthiness and debt discounts on the secondary markets. It finds, however, that secondary market values tend to reflect past difficulties, not anticipate future ones - so they can' t be used to build a case for debt relief. The secondary markets, still in an early evolutionary stage, are quite quot;thinquot; and thus unable to exploit efficiently and quickly all available information on creditworthiness.

Download or read book Do the Secondary Markets Belive in Life After Debts written by and published by World Bank Publications. This book was released on with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Debt Concentration and Secondary Market Prices written by Raquel Fernandez and published by World Bank Publications. This book was released on 1991 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The more concentrated the debt holdings in large money center banks, the higher the secondary price of that debt.

Download or read book Shortcomings in the Market for Developing Country Debt written by John Wakeman-Linn and published by World Bank Publications. This book was released on 1989 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Are Markets Learning written by Luca Barbone and published by World Bank Publications. This book was released on 1997 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Dealing with Debt written by Barry J. Eichengreen and published by World Bank Publications. This book was released on 1989 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Dealing with the Debt Crisis written by Ishrat Husain and published by World Bank Publications. This book was released on 1989 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debt crisis in perspective; Debt management in the late 1980s; Debt reduction and recontracting.

Download or read book An Econometric Analysis of Countries Repayment Performance to the International Monetary Fund written by Mrs.Lynn Aylward and published by International Monetary Fund. This book was released on 1998-03-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Analytical Issues in Debt written by Mr.Peter Wickham and published by International Monetary Fund. This book was released on 1989-03-15 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, edited by Jacob A. Frenkel, Michael P. Dooley, and Peter Wickham, presents a sample of the work of the IMF and that of world-renowned scholars on the analytical issues surrounding the explosion of countries with debt-servicing difficulties and describes debt initiatives and debt-reduction techniques that hold the best promise for finding a lasting solution to the problems of debtor countries.

Download or read book Public Debt North and South written by Helmut Reisen and published by World Bank Publications. This book was released on 1989 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Sovereign Risk and Financial Crises written by Michael Frenkel and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sovereign risk and financial crises play a key role in current international economic developments, particularly in the case of economic downturns. As the Asian economic crisis in the late 1990s revealed once again, financial crises are the rule rather than the exception in capitalist economies. The event also revealed that international public debt agreements are contingent claims. In a world of increasing economic interdependencies, the issues of financial crises and country defaults are of critical importance. This volume goes to the heart of the academic discussion on sovereign risk and financial crises by centering on quantitative-empirical aspects, evaluating prominent approaches, and by proposing new methods. Part I of the volume identifies key factors and processes that are central in analyzing sovereign risk while Part II focuses on the determinants and effects of financial crises.

Download or read book What Determines the Rate of Growth and Technological Change written by Paul Michael Romer and published by World Bank Publications. This book was released on 1989 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policies to encourage more open trading and accumulation of human capital may be as important to growth and technological change as additional foreign lending.

Download or read book Cash Debt Buybacks and the Insurance Value of Reserves written by and published by World Bank Publications. This book was released on with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Download or read book Debt Concentration and Secondary Market Prices written by Raquel Fernandez (Ph.D.) and published by . This book was released on 1991 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Public Role in Private Post secondary Education written by Åke Blomqvist and published by World Bank Publications. This book was released on 1989 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Should private educational institutions be encouraged, through financial incentives and constraints, to play more role in post-secondary education? What public policies, subsidies, and regulations should be used to influence them?