Efficient Debt Reduction

Author : Jeffrey Sachs
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4./5 ( download)

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Download or read book efficient debt reduction written by Jeffrey Sachs and published by World Bank Publications. This book was released on 1989 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debt reduction poses collective action problems that cannot be efficiently handled in the framework of voluntary market-based approaches. Instead we need concerted debt restructuring, based on below-market interest rates -- perhaps linked with credit enhancement by official creditors -- to provide the most direct mechanism for efficient, equitable sharing of losses.

Author : Leonardo Vega
Publisher : Leonardo Vega
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4./5 ( download)

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Download or read book 30 Effective Ways to Reduce Debt written by Leonardo Vega and published by Leonardo Vega. This book was released on with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Stijn Claessens
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4./5 ( download)

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Download or read book Conditionality and Debt Relief written by Stijn Claessens and published by World Bank Publications. This book was released on 1989 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 149832892X
Total Pages : 39 pages
Book Rating : 4.20/5 ( download)

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Download or read book Guidelines for Public Debt Management -- Amended written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-09-12 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Author : John F. Avanzini
Publisher :
ISBN 13 : 9781878605016
Total Pages : 0 pages
Book Rating : 4.11/5 ( download)

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Download or read book Rapid Debt-reduction Strategies written by John F. Avanzini and published by . This book was released on 1990 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pastor and TV preacher John Avanzini offers practical stragegies for people to emerge from their unending web of debt, arguing that God does not want people to incur debt or remain there.

Author : Mr.Peter Wickham
Publisher : International Monetary Fund
ISBN 13 : 9781557750419
Total Pages : 430 pages
Book Rating : 4.16/5 ( download)

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Download or read book Analytical Issues in Debt written by Mr.Peter Wickham and published by International Monetary Fund. This book was released on 1989-03-15 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, edited by Jacob A. Frenkel, Michael P. Dooley, and Peter Wickham, presents a sample of the work of the IMF and that of world-renowned scholars on the analytical issues surrounding the explosion of countries with debt-servicing difficulties and describes debt initiatives and debt-reduction techniques that hold the best promise for finding a lasting solution to the problems of debtor countries.

Author : International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
ISBN 13 : 1513574116
Total Pages : 41 pages
Book Rating : 4.10/5 ( download)

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Download or read book Fund Support for Debt- and Debt-Service-Reduction Operations written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2021-03-16 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The note concludes that the Fund could support a member’s use of buybacks, cash sweeteners, or collateral in the context of a Fund-supported program, provided that (i) debt restructurings using buybacks, cash sweeteners or collateral offer significant efficiency gains relative to debt restructurings that do not rely on such instruments, but are underpinned by a regular Fund-supported program; and (ii) an adequate cushion of non-multilateral debt remains after the operation. The conditions under which buybacks, cash sweeteners or collateral can be expected to deliver significant efficiency gains are narrow and specified in some detail.

Author : Walter Berger
Publisher : Springer Science & Business Media
ISBN 13 : 3322893308
Total Pages : 184 pages
Book Rating : 4.07/5 ( download)

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Download or read book Financial Innovations in International Debt Management written by Walter Berger and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: The international debt problem has already generated a huge number of publications. Why then another publication? Many publications address macroeconomic implications of the debt problem, others investigate special new financing instruments such as debt equity swaps, others discuss the economic or legal aspects of debt reschedulings. This work of Walter Berger concentrates on the evolution of the financial side of the debt problem. This evolution is fascinating since it reveals a continuous expansion of the financial instruments being used and a surprising change in intercreditor relationships. While in the seventies equal treatment of creditors was not of much concern, this changed dramatically in the eighties. But lately equal treatment turned out to be a strong impediment to the creditors' management of loan portfolios. Hence, inequality of treatment is growing again. This development represents a challenge to everyone who tries to explain legal changes by using economic theory. Another characteristic of Walter Berger's work is that he starts from a broad institutional perspective. Most economists analyze the debt problem by assuming a world where everybody follows the same principles of rationality and optimization. Walter Berger questions this approach by arguing that cultural discrepancies among creditor countries and indebted countries make it difficult to define efficiency by "Western" standards only. Moreover, different cultures create what Berger calls "institutional obfuscation", that is, creditors have substantial difficulties to predict the behavior of differently minded debtors, and vice versa. This lack of information creates a transaction risk for each contracting party.

Author : Jeremy Bulow
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)

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Download or read book Estimating the Efficiency Gains of Debt Restructuring written by Jeremy Bulow and published by World Bank Publications. This book was released on 1994 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debt- overhang disincentive may not be as important as the broader problem of debtors' credit constraints in international capital markets. For severely indebted low- income countries, the best strategy is probably to replace nonconcessional debt with new concessional loans.

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451977891
Total Pages : 8 pages
Book Rating : 4.99/5 ( download)

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Download or read book A Noteon Debt Reduction and Echonomic Efficiency written by International Monetary Fund and published by International Monetary Fund. This book was released on 1990-04-01 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note examines the efficiency gains that might result from market-based debt reduction and alternative uses of resources. It is argued that when a country’s expected output falls short of contractual claims on that output, private investment is drawn to activities that protect the investors’ share of future output at the expense of activities that increase future output. Resources provided by a third party could reduce this gap through market-based debt reduction or by supporting government investment or consumption. Given considerable uncertainty about the efficiency returns of alternative uses of resources, it seems likely that an optimal strategy would include both debt reduction and government investment.