The grant element method of measuring the concessionality of loans and debt relief:
The grant element is the "gift portion" of a financial transaction. The mathematical technique for arriving at a precise grant element percentage was first proposed by John Pincus of the RAND Corporation in 1963, and developed mathematically by Göran Ohlin of the Development Centre in 1966...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2017
|
| Schriftenreihe: | OECD Development Centre Working Papers
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The grant element is the "gift portion" of a financial transaction. The mathematical technique for arriving at a precise grant element percentage was first proposed by John Pincus of the RAND Corporation in 1963, and developed mathematically by Göran Ohlin of the Development Centre in 1966. Pincus also advocated expressing foreign aid in terms of its grant equivalent - i.e. the grant element expressed as a monetary value instead of a percentage. Grant element methodology was first used officially in 1969, in a target for softening the terms of aid. A grant element test was then introduced into the definition of official development assistance in 1972. Grant element methodology was subsequently applied to regulate the terms of export credits, to help assess the sustainability of developing country borrowing, and to calculate the level of debt relief and ensure comparability of effort in relevant Paris Club debt rescheduling operations. Central to grant element calculations is the selection of an appropriate discount rate to reflect financial market conditions. The present low interest rate environment raises challenges in this respect. This paper offers a layman's introduction to the nature and mechanics of grant element methodology, and to the history of its application in practice |
| Beschreibung: | 1 Online-Ressource (31 Seiten) |
| DOI: | 10.1787/19e4b706-en |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV047933788 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220413s2017 xx o|||| 00||| eng d | ||
| 024 | 7 | |a 10.1787/19e4b706-en |2 doi | |
| 035 | |a (ZDB-13-SOC)061289051 | ||
| 035 | |a (OCoLC)1312694808 | ||
| 035 | |a (DE-599)BVBBV047933788 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 |a DE-91 |a DE-473 |a DE-824 |a DE-29 |a DE-739 |a DE-355 |a DE-20 |a DE-1028 |a DE-1049 |a DE-188 |a DE-521 |a DE-861 |a DE-898 |a DE-92 |a DE-573 |a DE-19 | ||
| 100 | 1 | |a Scott, Simon |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a The grant element method of measuring the concessionality of loans and debt relief |c Simon Scott |
| 264 | 1 | |a Paris |b OECD Publishing |c 2017 | |
| 300 | |a 1 Online-Ressource (31 Seiten) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Development Centre Working Papers | |
| 520 | |a The grant element is the "gift portion" of a financial transaction. The mathematical technique for arriving at a precise grant element percentage was first proposed by John Pincus of the RAND Corporation in 1963, and developed mathematically by Göran Ohlin of the Development Centre in 1966. Pincus also advocated expressing foreign aid in terms of its grant equivalent - i.e. the grant element expressed as a monetary value instead of a percentage. Grant element methodology was first used officially in 1969, in a target for softening the terms of aid. A grant element test was then introduced into the definition of official development assistance in 1972. Grant element methodology was subsequently applied to regulate the terms of export credits, to help assess the sustainability of developing country borrowing, and to calculate the level of debt relief and ensure comparability of effort in relevant Paris Club debt rescheduling operations. Central to grant element calculations is the selection of an appropriate discount rate to reflect financial market conditions. The present low interest rate environment raises challenges in this respect. This paper offers a layman's introduction to the nature and mechanics of grant element methodology, and to the history of its application in practice | ||
| 650 | 4 | |a Taxation | |
| 650 | 4 | |a Development | |
| 650 | 4 | |a Economics | |
| 856 | 4 | 0 | |u https://doi.org/10.1787/19e4b706-en |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033315282 | |
Datensatz im Suchindex
| _version_ | 1818806050834350080 |
|---|---|
| adam_text | |
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Scott, Simon |
| author_facet | Scott, Simon |
| author_role | aut |
| author_sort | Scott, Simon |
| author_variant | s s ss |
| building | Verbundindex |
| bvnumber | BV047933788 |
| collection | ZDB-13-SOC |
| ctrlnum | (ZDB-13-SOC)061289051 (OCoLC)1312694808 (DE-599)BVBBV047933788 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/19e4b706-en |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000zc 4500</leader><controlfield tag="001">BV047933788</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220413s2017 xx o|||| 00||| eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/19e4b706-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-13-SOC)061289051</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1312694808</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV047933788</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-1028</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-861</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Scott, Simon</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The grant element method of measuring the concessionality of loans and debt relief</subfield><subfield code="c">Simon Scott</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2017</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (31 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Development Centre Working Papers</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">The grant element is the "gift portion" of a financial transaction. The mathematical technique for arriving at a precise grant element percentage was first proposed by John Pincus of the RAND Corporation in 1963, and developed mathematically by Göran Ohlin of the Development Centre in 1966. Pincus also advocated expressing foreign aid in terms of its grant equivalent - i.e. the grant element expressed as a monetary value instead of a percentage. Grant element methodology was first used officially in 1969, in a target for softening the terms of aid. A grant element test was then introduced into the definition of official development assistance in 1972. Grant element methodology was subsequently applied to regulate the terms of export credits, to help assess the sustainability of developing country borrowing, and to calculate the level of debt relief and ensure comparability of effort in relevant Paris Club debt rescheduling operations. Central to grant element calculations is the selection of an appropriate discount rate to reflect financial market conditions. The present low interest rate environment raises challenges in this respect. This paper offers a layman's introduction to the nature and mechanics of grant element methodology, and to the history of its application in practice</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Taxation</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Development</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1787/19e4b706-en</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033315282</subfield></datafield></record></collection> |
| id | DE-604.BV047933788 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:35:01Z |
| indexdate | 2024-12-18T19:03:37Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033315282 |
| oclc_num | 1312694808 |
| open_access_boolean | 1 |
| owner | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| owner_facet | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| physical | 1 Online-Ressource (31 Seiten) |
| psigel | ZDB-13-SOC |
| publishDate | 2017 |
| publishDateSearch | 2017 |
| publishDateSort | 2017 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Development Centre Working Papers |
| spelling | Scott, Simon Verfasser aut The grant element method of measuring the concessionality of loans and debt relief Simon Scott Paris OECD Publishing 2017 1 Online-Ressource (31 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Development Centre Working Papers The grant element is the "gift portion" of a financial transaction. The mathematical technique for arriving at a precise grant element percentage was first proposed by John Pincus of the RAND Corporation in 1963, and developed mathematically by Göran Ohlin of the Development Centre in 1966. Pincus also advocated expressing foreign aid in terms of its grant equivalent - i.e. the grant element expressed as a monetary value instead of a percentage. Grant element methodology was first used officially in 1969, in a target for softening the terms of aid. A grant element test was then introduced into the definition of official development assistance in 1972. Grant element methodology was subsequently applied to regulate the terms of export credits, to help assess the sustainability of developing country borrowing, and to calculate the level of debt relief and ensure comparability of effort in relevant Paris Club debt rescheduling operations. Central to grant element calculations is the selection of an appropriate discount rate to reflect financial market conditions. The present low interest rate environment raises challenges in this respect. This paper offers a layman's introduction to the nature and mechanics of grant element methodology, and to the history of its application in practice Taxation Development Economics https://doi.org/10.1787/19e4b706-en Verlag kostenfrei Volltext |
| spellingShingle | Scott, Simon The grant element method of measuring the concessionality of loans and debt relief Taxation Development Economics |
| title | The grant element method of measuring the concessionality of loans and debt relief |
| title_auth | The grant element method of measuring the concessionality of loans and debt relief |
| title_exact_search | The grant element method of measuring the concessionality of loans and debt relief |
| title_exact_search_txtP | The grant element method of measuring the concessionality of loans and debt relief |
| title_full | The grant element method of measuring the concessionality of loans and debt relief Simon Scott |
| title_fullStr | The grant element method of measuring the concessionality of loans and debt relief Simon Scott |
| title_full_unstemmed | The grant element method of measuring the concessionality of loans and debt relief Simon Scott |
| title_short | The grant element method of measuring the concessionality of loans and debt relief |
| title_sort | the grant element method of measuring the concessionality of loans and debt relief |
| topic | Taxation Development Economics |
| topic_facet | Taxation Development Economics |
| url | https://doi.org/10.1787/19e4b706-en |
| work_keys_str_mv | AT scottsimon thegrantelementmethodofmeasuringtheconcessionalityofloansanddebtrelief |