Zobrazeno 1 - 7
of 7
pro vyhledávání: '"Debt Buyback"'
Publikováno v:
Journal of International Economics. 105:217-229
We quantify gains from introducing non-defaultable debt as a limited additional financing option into a model of equilibrium sovereign risk. We find that, for an initial (defaultable) sovereign debt level equal to 66 percent of trend aggregate income
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3bc0e557257908159f80e00c50347157
https://doi.org/10.1016/j.jinteco.2017.01.008
https://doi.org/10.1016/j.jinteco.2017.01.008
Autor:
World Bank
The global financial crisis of 2008-2009 required most sovereign debt managers to adapt to rapidly changing market circumstances, by changing the mix of borrowing instruments and adopting techniques that minimize the impact of severe market dislocati
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______2456::1af7d4256fd4ab9b85e2a6cc515cdc94
http://documents.worldbank.org/curated/en/2016/03/17939635/europe-central-asia-sovereign-debt-management-crisis-toolkit-policy-maker
http://documents.worldbank.org/curated/en/2016/03/17939635/europe-central-asia-sovereign-debt-management-crisis-toolkit-policy-maker
This paper sets forth some basic principles that could help debt managers in emerging market and other countries to plan and implement sovereign debt buyback and swap operations. It discusses the macroeconomic context in which buybacks and swaps are
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::f42305cd7b7acbb4a4ec9837052d6640
http://www.imf.org/external/pubs/cat/longres.aspx?sk=20529
http://www.imf.org/external/pubs/cat/longres.aspx?sk=20529
To understand the fiscal position of a country, contingent liabilities and other sources of fiscal risk need to be considered. The authors develop a framework to assess and manage fiscal risk in Bulgaria. Bulgaria's Currency Board Arrangement has eff
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______2456::8b2738ffc5f1a30bebe28cfcacd39fc4
https://hdl.handle.net/10986/22361
https://hdl.handle.net/10986/22361
Autor:
Cabral, Célia Costa
A general model of debt repurchases is built which reconciles most points raised in the literature on buybacks. The inclusion of assets alternative to domestic investment is shown to be of crucial importance in the analysis and leads to the reversal
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1437::7b10f1b5be3d32157236226fc9529033
https://hdl.handle.net/10362/88060
https://hdl.handle.net/10362/88060
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