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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 debt reducti...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1989
Series:IMF Working Papers
Subjects:
Mortgages
Debt
Private Debt
Financing Policy
Macroeconomics
Loans
Financial Instruments
Banks
International Lending And Debt Problems
Financial Risk Management
Capital And Ownership Structure
Financial Risk And Risk Management
Goodwill
Exports And Imports
Investments: Stocks
Stocks
Sovereign Debt
Finance
International Economics
Interest Payments
Value Of Firms
Industries: Financial Services
Depository Institutions
Pension Funds
Debts, External
Debt Service
Investment & Securities
Debt Management
Institutional Investors
Non-bank Financial Institutions
Micro Finance Institutions
Debt Reduction
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:24 pages
ISBN:9781451967999

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