A Dynamic Model of Buy-Backs:

A dynamic framework is utilized to evaluate buy-backs of a country's external debt. The model solves for the price of debt on the basis of expectations concerning the debtor's ability to pay, and upon a variety of assumptions concerning changes in property rights consistent with various de...

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Körperschaft: International Monetary Fund (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 1989
Schriftenreihe:IMF Working Papers
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Zusammenfassung:A dynamic framework is utilized to evaluate buy-backs of a country's external debt. The model solves for the price of debt on the basis of expectations concerning the debtor's ability to pay, and upon a variety of assumptions concerning changes in property rights consistent with various debt reduction programs. The importance of these assumptions is illustrated in simulations that relate debt reduction to a conventional balance of payments projection
Beschreibung:1 Online-Ressource (24 p)
ISBN:1451967993
9781451967999