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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:
Debt Service
Financial Risk Management
Depository Institutions
Private Debt
Loans
Financial Risk And Risk Management
Investment & Securities
Debt
Non-bank Financial Institutions
Debt Reduction
Exports And Imports
Financial Instruments
Debt Management
Goodwill
Financing Policy
Capital And Ownership Structure
Interest Payments
Macroeconomics
Industries: Financial Services
Banks
Value Of Firms
International Economics
Institutional Investors
Mortgages
Investments: Stocks
Micro Finance Institutions
Debts, External
Stocks
Sovereign Debt
Finance
Pension Funds
International Lending And Debt Problems
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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