Download or read book Market based Debt reduction Schemes written by Paul R. Krugman and published by . This book was released on 1988 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently much attention has been given to the idea of reducing the debt of developing countries through a "menu approach" of schemes that attempt to harness the discounts on debt in the secondary market. This paper, after reviewing the rationale for the orthodox strategy of concerted lending and the case for debt forgiveness, examines the logic behind several market-based debt reduction schemes. It shows that such schemes will ordinarily benefit both debtor and creditor only when the debtor is on the wrong side of the "debt relief Laffer curve"--That is, where a reduction in nominal claims actually increases expected payment. This is, however, also the case in which unilateral debt forgiveness is in the interest of creditors in any case. The implication is that there is no magic in market-based debt reduction, as opposed to more straightforward approaches
Download or read book Market based Debt Reduction for Developing Countries written by Stijn Claessens and published by World Bank Publications. This book was released on 1990 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Market based Debt reduction Schemes written by and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Are Buybacks Back written by Ishac Diwan and published by World Bank Publications. This book was released on 1991 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two debt- reduction mechanisms - market buybacks and concerted debt- reduction agreements - run into coordination problems. The menu approach captures some of the advantages of both but not their inconveniences.
Download or read book efficient debt reduction written by Jeffrey Sachs and published by World Bank Publications. This book was released on 1989 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debt reduction poses collective action problems that cannot be efficiently handled in the framework of voluntary market-based approaches. Instead we need concerted debt restructuring, based on below-market interest rates -- perhaps linked with credit enhancement by official creditors -- to provide the most direct mechanism for efficient, equitable sharing of losses.
Download or read book Sovereign Debt Relief Schemes and Welfare written by Mr.Aasim M. Husain and published by International Monetary Fund. This book was released on 1992-03-01 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that concerted debt reduction may be welfare-improving even when the investment disincentive effect of a debt overhang is not large enough to place the debtor country on the wrong side of the debt Laffer curve. Whether the appropriate relief scheme involves debt reduction or new money, however, depends on whether investment disincentives or liquidity constraints dominate. It is shown that, except under very special circumstances, mixed policy packages involving both debt and liquidity relief may not yield the desired results.
Download or read book Methhodoligical Issues in Evaluating Debt Reducing Deals written by and published by World Bank Publications. This book was released on with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Buybacks Exit Bonds and the Optimality of Debt and Liquidity Relief written by Kenneth Froot and published by . This book was released on 1988 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: We compare various forms of market-based debt relief with coordinated debt forgiveness on the part of creditors. These schemes lead to different allocations of resources and levels of debtor and creditor welfare, but all attempt to stimulate debtor investment through reductions in the level of debt. If investment-incentive effects are present, then investment in liquidity-constrained debtors will respond by enough to make a reduction in debt profitable, but not by enough to make the reduction in debt optimal. For these countries the optimal debt-relief package (from the creditors perspective) will include an infusion of new lending.
Download or read book Market Based Debt Reduction Schemes in Chile written by Felipe Larraín B. and published by . This book was released on 1987 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Marked Based Debt Reduction Schemes written by Lodge, Junior and published by . This book was released on 1993 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Methodological Issues in Evaluating Debt reducing Deals written by Stijn Claessens and published by . This book was released on 1990 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here is a simple method for identifying the best debt deals a country can bargain for with creditors when debt reduction and new money are the only options available.
Download or read book Debt Swaps for Sustainable Development written by Dr. Jürgen Kaiser and published by Iucn. This book was released on 1996 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication is aimed at helping IUCN's members to understand the scope and mechanisms of debt conversion and to spot opportunities for their own action in this important field.
Download or read book Market based Debt Reduction for Developing Countries written by and published by World Bank Publications. This book was released on 1990 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Debt Reduction written by and published by . This book was released on 1989 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Unilateral Action written by Joselito San Jose and published by . This book was released on 1992 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
