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Author : Stijn Claessens,George Pennacchi
Publisher : World Bank Publications
Page : 43 pages
File Size : 53,8 Mb
Release : 2024-06-26
Category : Electronic
ISBN : 8210379456XXX
Author : Stijn Claessens,George Gaetano Pennacchi
Publisher : Unknown
Page : 54 pages
File Size : 42,8 Mb
Release : 1992
Category : Debt equity conversion
ISBN : UCSD:31822015002066
The market prices of developing countries' debts are imperfect indicators of the countries' payment capacity, for three reasons: the concave shape of the debbt's payoff structure, the presence of third- party guarantees, and the differences in the terms of various debt claims. This new model takes those factors into account.
Author : Michael Patrick Dooley,Eduardo Fernandez-Arias,Kenneth Kletzer
Publisher : World Bank Publications
Page : 36 pages
File Size : 44,5 Mb
Release : 1994
Category : Capital movements
ISBN : 8210379456XXX
This empirical study finds that while debt reduction and policy reforms in debtor countries have been important determinants of renewed access to international capital markets, changes in international interest rates have been the dominant factor. We calculate the effects of changes in international interest rates for a 'typical' debtor country. We conclude that increases in interest rates associated with business cycle upturn in industrial countries could depress the secondary market prices of existing debt to levels inconsistent with continued capital inflows.
Author : Albert Tavidze
Publisher : Nova Publishers
Page : 262 pages
File Size : 50,5 Mb
Release : 2007-04
Category : Business & Economics
ISBN : 1600217206
This series spans the globe presenting leading research in economics. It is perhaps a sign of the times that economic weapons such as sanctions seem to be as powerful as or more so than tanks. International applications and examples of economic progress are invaluable in a troubled world with economic booms bursting like so many penny balloons. Globalisation, outstanding and jobless recoveries present economic issues of concern to millions.
Author : Ronald Winthrop Jones,G.M. Grossman,Peter B. Kenen,Kenneth S. Rogoff
Publisher : Elsevier
Page : 896 pages
File Size : 54,5 Mb
Release : 1984
Category : Business & Economics
ISBN : 9780444828644
"This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior."--Publisher's information
Author : William Russell Easterly,Sergio Rebelo
Publisher : World Bank Publications
Page : 23 pages
File Size : 52,9 Mb
Release : 1992
Category : Crecimiento economico - Paises en desarrollo
ISBN : 8210379456XXX
Author : Luca Barbone,Lorenzo Forni
Publisher : World Bank Publications
Page : 44 pages
File Size : 53,5 Mb
Release : 1997
Category : Bond market
ISBN : 8210379456XXX
Author : G.M. Grossman,Kenneth Rogoff
Publisher : Elsevier
Page : 902 pages
File Size : 43,6 Mb
Release : 1995-12-13
Category : Business & Economics
ISBN : 0444815473
This reference accords recognition to the recent revolution in macroeconomics wrought by imperfect competition. Grossman and Rogoff (Princeton U.) present chapters by two dozen contributors on two prime areas of research interest: international trade theory and policy (e.g. strategic trade patterns and policies, the relationship between trade and technological progress), and open economy macroeconomics and international finance (covering such topics as exchange rates, foreign lending, and policy coordination). The volume commences with Krugman's overview of the positive theory of international trade, and concludes with analyses of sovereign debt. Annotation copyrighted by Book News, Inc., Portland, OR.
Author : Anonim
Publisher : World Bank Publications
Page : 19 pages
File Size : 50,5 Mb
Release : 2024-06-26
Category : Electronic
ISBN : 8210379456XXX
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 26 pages
File Size : 47,9 Mb
Release : 1990-01-01
Category : Business & Economics
ISBN : 9781451922721
This paper develops a technique to value guarantees on interest payments on developing-country debt, and provides some preliminary estimates of the cost of such guarantees. The cost of interest payment guarantees is not directly observable because a guarantee is a contingent obligation that becomes effective only if the debtor fails to make a certain payment. The strategy adopted in this paper is to estimate the market price that an interest payment guarantee would have if such a contract existed and were traded in financial markets. Using results from option pricing theory it is possible to calculate the price that an “interest guarantee contract” would carry in financial markets on the basis of the price of developing-country debt in secondary markets.
Author : James Price Gittinger,Carol Bradford
Publisher : World Bank Publications
Page : 22 pages
File Size : 45,7 Mb
Release : 1992
Category : Health
ISBN : 8210379456XXX
Author : George Benedict Baldwin
Publisher : World Bank Publications
Page : 65 pages
File Size : 49,7 Mb
Release : 1992
Category : Birth control clinics
ISBN : 8210379456XXX
The Bank should strengthen its use of international comparisons and trend analysis rather than increasing its use of target setting; the use of demographic and health surveys should be the rule, not the exception, in Bank population and health projects; and more attention should be given to program- level than to project- level performance.
Author : Branko Milanovic,Banco Mundial
Publisher : World Bank Publications
Page : 46 pages
File Size : 40,9 Mb
Release : 1992
Category : Distribucion del ingreso - Europa oriental
ISBN : 8210379456XXX
Author : Anonim
Publisher : World Bank Publications
Page : 77 pages
File Size : 49,6 Mb
Release : 1992
Category : Former Soviet republics
ISBN : 8210379456XXX
Author : William Russell Easterly,Paolo Mauro,Klaus Schmidt-Hebbel
Publisher : World Bank Publications
Page : 38 pages
File Size : 52,8 Mb
Release : 1992
Category : Demand for money
ISBN : 8210379456XXX
The elasticity of substitution in transactions between money and bonds is a crucial determinant of the seigniorage- maximizing inflation rate and of whether the semi- elasticity of money demand with inflation increases with inflation.
