Principles Of Household Debt Restructuring

Principles Of Household Debt Restructuring Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Principles Of Household Debt Restructuring book. This book definitely worth reading, it is an incredibly well-written.

Principles of Household Debt Restructuring

Thomas Laryea,Mr.Luc Laeven
Principles of Household Debt Restructuring Book PDF

Author : Thomas Laryea,Mr.Luc Laeven
Publisher : International Monetary Fund
Page : 30 pages
File Size : 49,8 Mb
Release : 2009-06-26
Category : Business & Economics
ISBN : 9781462376773

Get Book

Principles of Household Debt Restructuring by Thomas Laryea,Mr.Luc Laeven Pdf

This paper examines the estimated compliance with the macroeconomic convergence targets for 2008, based on estimates contained in the IMF’s Regional Economic Outlook: Sub-Saharan Africa (the REO). SADC’s regional economic integration agenda includes a macroeconomic convergence program, intended to achieve and maintain macroeconomic stability in the region, thereby contributing to faster economic growth and laying the basis for eventual monetary union. Targets for key macroeconomic variables have been set out for 2008, 2012, and 2018. Most SADC member states have recorded solid macroeconomic performance in recent years, in general coming close to, and in many cases surpassing, the convergence targets specified for 2008. A notable exception in this regard is Zimbabwe, which was in the grip of hyperinflation. The macroeconomic targets for 2012 are ambitious and, in some cases, warrant further evaluation, given that achieving the targets may be neither necessary nor sufficient to achieve good macroeconomic results.

Resolving Residential Mortgage Distress

Mr.Jochen R. Andritzky
Resolving Residential Mortgage Distress Book PDF

Author : Mr.Jochen R. Andritzky
Publisher : International Monetary Fund
Page : 37 pages
File Size : 41,9 Mb
Release : 2014-12-17
Category : Business & Economics
ISBN : 9781484395745

Get Book

Resolving Residential Mortgage Distress by Mr.Jochen R. Andritzky Pdf

In housing crises, high mortgage debt can feed a vicious circle of falling housing prices and declining consumption and incomes, leading to higher mortgage defaults and deeper recessions. In such situations, resolution policies may need to be adapted to help contain negative feedback loops while minimizing overall loan losses and moral hazard. Drawing on recent experiences from Iceland, Ireland, Spain, and the United States, this paper discusses how economic trade-offs affecting mortgage resolution differ in crises. Depending on country circumstances, the economic benefits of temporary forbearance and loan modifications for struggling households could outweigh their costs.

Sovereign Debt Restructurings 1950-2010

Mr.Udaibir S. Das,Mr.Michael G Papaioannou,Christoph Trebesch
Sovereign Debt Restructurings 1950 2010 Book PDF

Author : Mr.Udaibir S. Das,Mr.Michael G Papaioannou,Christoph Trebesch
Publisher : International Monetary Fund
Page : 128 pages
File Size : 40,6 Mb
Release : 2012-08-01
Category : Business & Economics
ISBN : 9781475505535

Get Book

Sovereign Debt Restructurings 1950-2010 by Mr.Udaibir S. Das,Mr.Michael G Papaioannou,Christoph Trebesch Pdf

This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses.

World Economic Outlook, April 2012

International Monetary Fund. Research Dept.
World Economic Outlook April 2012 Book PDF

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 299 pages
File Size : 49,8 Mb
Release : 2012-04-17
Category : Business & Economics
ISBN : 9781475507034

Get Book

World Economic Outlook, April 2012 by International Monetary Fund. Research Dept. Pdf

The April 2012 issue of the World Economic Outlook assesses the prospects for the global economy, which has gradually strengthened after a major setback during 2011. The threat of a sharp global slowdown eased with improved activity in the United States and better policies in the euro area. Weak recovery will likely resume in the major advanced economies, and activity will remain relatively solid in most emerging and developing economies. However, recent improvements are very fragile. Policymakers must calibrate policies to support growth in the near term and must implement fundamental changes to achieve healthy growth in the medium term. Chapter 3 examines how policies directed at real estate markets can accelerate the improvement of household balance sheets and thus support otherwise anemic consumption. Chapter 4 examines how swings in commodity prices affect commodity-exporting economies, many of which have experienced a decade of good growth. With commodity prices unlikely to continue growing at the recent elevated pace, however, these economies may have to adapt their fiscal and other policies to lower potential output growth in the future.

Corporate Debt Restructuring in Emerging Markets

Richard Marney,Timothy Stubbs
Corporate Debt Restructuring in Emerging Markets Book PDF

Author : Richard Marney,Timothy Stubbs
Publisher : Springer Nature
Page : 422 pages
File Size : 41,5 Mb
Release : 2021-09-02
Category : Business & Economics
ISBN : 9783030813062

Get Book

Corporate Debt Restructuring in Emerging Markets by Richard Marney,Timothy Stubbs Pdf

Corporate debt restructurings in the emerging markets have always presented special challenges. Today, as the global economy emerges from the COVID-19 pandemic and businesses look to pick up the pieces, this is even more true. For many, the financial hangover of the lockdowns and market disruptions linger and threaten their independence, even their survival. This peril is more acute in the emerging and frontier markets. Weaker economic fundamentals and institutional resiliency often intensify the challenge to return to pre-COVID-19 operating levels and financial sustainability. In this context, borrowers invariably must address the imbalance of substantial existing debt with the “new reality” of their business operations and revenues. This book, using case studies, presents a full, detailed narrative of a fictitious troubled bank in an emerging market, with characters, dialogues, and negotiations. It also includes a series of discussion questions with suggested answers, to draw out key issues from the case. In doing so, this initial narrative offers a substantive analysis of the five main phases and principles of a restructuring: (1) pre-restructuring, (2) the decision to restructure, (3) the case set-up, (4) structuring and negotiation, and lastly (5) implementation. In each chapter, the book outlines the main elements of the phases and shows how the elements are applied in practice. The book also presents separate chapters on exogenous shocks (with a focus on the COVID-19 pandemic as an example of such shocks), macroeconomics, and legal issues present in cross-border restructurings. It will be of interest to the international professional financial and legal community, primarily junior-to mid-level financiers, business people, and lawyers.

Global Waves of Debt

M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara
Global Waves of Debt Book PDF

Author : M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara
Publisher : World Bank Publications
Page : 403 pages
File Size : 48,7 Mb
Release : 2021-03-03
Category : Business & Economics
ISBN : 9781464815454

Get Book

Global Waves of Debt by M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara Pdf

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Sovereign Debt Restructuring and Growth

Lorenzo Forni,Mr.Geremia Palomba,Ms.Joana Pereira,Christine J. Richmond
Sovereign Debt Restructuring and Growth Book PDF

Author : Lorenzo Forni,Mr.Geremia Palomba,Ms.Joana Pereira,Christine J. Richmond
Publisher : International Monetary Fund
Page : 42 pages
File Size : 44,7 Mb
Release : 2016-08-16
Category : Business & Economics
ISBN : 9781475526523

Get Book

Sovereign Debt Restructuring and Growth by Lorenzo Forni,Mr.Geremia Palomba,Ms.Joana Pereira,Christine J. Richmond Pdf

This paper studies the effect of sovereign debt restructurings with external private creditors on growth during the period 1970-2010. We find that there are bad and good (or not so bad) debt restructurings for growth. While growth generally declines in the aftermath of a sovereign debt restructuring, agreements that allow countries to exit a default spell (final restructurings) are associated with improving growth. The impact can be significant. In general, three years after restructuring, growth is about 5 percent lower compared to countries that did not face restructuring over the same period. The exception is for final restructurings, which result in positive growth in the years immediately after the restructuring. Final restructurings tend to be better for growth because they reduce countries’ debt, with the strongest effect for countries that exit restructurings with relatively low debt levels.

Guidelines for Public Debt Management -- Amended

International Monetary Fund,World Bank
Guidelines for Public Debt Management Amended Book PDF

Author : International Monetary Fund,World Bank
Publisher : International Monetary Fund
Page : 39 pages
File Size : 52,5 Mb
Release : 2003-09-12
Category : Business & Economics
ISBN : 9781498328920

Get Book

Guidelines for Public Debt Management -- Amended by International Monetary Fund,World Bank Pdf

NULL

A Guide to Consumer Insolvency Proceedings in Europe

Thomas Kadner Graziano
A Guide to Consumer Insolvency Proceedings in Europe Book PDF

Author : Thomas Kadner Graziano
Publisher : Edward Elgar Publishing
Page : 1266 pages
File Size : 51,6 Mb
Release : 2019
Category : Law
ISBN : 9781788975650

Get Book

A Guide to Consumer Insolvency Proceedings in Europe by Thomas Kadner Graziano Pdf

Since the adoption of the EU Regulation on Insolvency Proceedings in 2000 and its recast in 2015, it has become clear that lawyers engaged in consumer insolvency proceedings are increasingly expected to have a basic understanding of foreign insolvency proceedings, as well as knowledge of the foreign country's court and legal system, legislation and judicial practice. Written by 50 highly qualified insolvency experts from 30 European countries, A Guide to Consumer Insolvency Proceedings in Europe provides the necessary information in the largest, most up-to-date and comprehensive book on this topic. Assisting the readers in their navigation through the differences, similarities, and peculiarities of insolvency proceedings in all Member States of the European Union, Switzerland and Russia, this book is a unique guide to insolvency proceedings across Europe. With contributions by both academics and practitioners, it provides truly multinational coverage of the economic, legal, social, political, and demographic issues in consumer insolvency. Illustrating the numerous practices across Europe, this book allows the reader to evaluate each aspect both on its own merits, as well as in comparison to the approaches applied in other European jurisdictions. This book will be an invaluable tool for insolvency practitioners, judges, lawyers, creditors and debtors throughout Europe, especially those participating in cross-border proceedings.

Non-Performing Loans and Resolving Private Sector Insolvency

Platon Monokroussos,Christos Gortsos
Non Performing Loans and Resolving Private Sector Insolvency Book PDF

Author : Platon Monokroussos,Christos Gortsos
Publisher : Springer
Page : 438 pages
File Size : 55,7 Mb
Release : 2017-07-26
Category : Business & Economics
ISBN : 9783319503134

Get Book

Non-Performing Loans and Resolving Private Sector Insolvency by Platon Monokroussos,Christos Gortsos Pdf

This book explores the issue of private sector over-indebtedness following the recent financial crisis. It addresses the various challenges for policymakers, investors and economic agents affected by applied remedial policies as the private non-financial sector in Europe continues to face increased challenges in servicing its debt, with the problem mainly concentrated in several countries in the EU periphery and Eastern Europe. Chapters from expert contributors address reduced investment as firms concentrate on deleveraging and repairing their balance sheets, curtailed consumer spending, depressed collateral values and weak credit creation. They examine effective policies to facilitate private sector debt restructuring which may involve significant upfront costs in terms of time to implement and committed budgetary resources, as well as necessary reforms required to improve the broader institutional framework and judicial capacity. The book also explores the issue of over indebtedness in the household sector, contributing to the literature in establishing best practice principles for household debt.

Resolving China’s Corporate Debt Problem

Wojciech Maliszewski,Mr.Serkan Arslanalp,Mr.John C Caparusso,José Garrido,Mr.Si Guo,Mr.Joong S Kang,W. Raphael Lam,Daniel Law,Wei Liao,Ms.Nadia Rendak,Mr.Philippe Wingender,Jiangyan Yu,Ms.Longmei Zhang
Resolving China s Corporate Debt Problem Book PDF

Author : Wojciech Maliszewski,Mr.Serkan Arslanalp,Mr.John C Caparusso,José Garrido,Mr.Si Guo,Mr.Joong S Kang,W. Raphael Lam,Daniel Law,Wei Liao,Ms.Nadia Rendak,Mr.Philippe Wingender,Jiangyan Yu,Ms.Longmei Zhang
Publisher : International Monetary Fund
Page : 43 pages
File Size : 41,6 Mb
Release : 2016-10-14
Category : Business & Economics
ISBN : 9781475545289

Get Book

Resolving China’s Corporate Debt Problem by Wojciech Maliszewski,Mr.Serkan Arslanalp,Mr.John C Caparusso,José Garrido,Mr.Si Guo,Mr.Joong S Kang,W. Raphael Lam,Daniel Law,Wei Liao,Ms.Nadia Rendak,Mr.Philippe Wingender,Jiangyan Yu,Ms.Longmei Zhang Pdf

Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality in financial institutions. The corporate debt problem should be addressed urgently with a comprehensive strategy. Key elements should include identifying companies in financial difficulties, proactively recognizing losses in the financial system, burden sharing, corporate restructuring and governance reform, hardening budget constraints, and facilitating market entry. A proactive strategy would trade off short-term economic pain for larger longer-term gain.

Cleaning-up Bank Balance Sheets

José Garrido,Emanuel Kopp,Anke Weber
Cleaning up Bank Balance Sheets Book PDF

Author : José Garrido,Emanuel Kopp,Anke Weber
Publisher : International Monetary Fund
Page : 33 pages
File Size : 49,9 Mb
Release : 2016-09-08
Category : Business & Economics
ISBN : 9781475535167

Get Book

Cleaning-up Bank Balance Sheets by José Garrido,Emanuel Kopp,Anke Weber Pdf

To stabilize and bring down nonperforming loans (NPLs) in the Italian banking system, the Italian authorities have been implementing a number of reforms, aimed among others at speeding up insolvency and enforcement proceedings, strengthening bank corporate governance, cleaning up balance sheets, and facilitating bank consolidation. This paper examines the Italian banking system’s NPL problem, which ties up capital, weighing on bank profitability and authorities’ economic reforms. It argues for a comprehensive approach, encompassing economic, supervisory, and legal measures. The authorities’ reforms are important steps toward this end. The paper describes measures that could further support their actions.

Consumer Debt and Social Exclusion in Europe

Hans-W. Micklitz,Irina Domurath
Consumer Debt and Social Exclusion in Europe Book PDF

Author : Hans-W. Micklitz,Irina Domurath
Publisher : Routledge
Page : 258 pages
File Size : 45,7 Mb
Release : 2016-03-09
Category : Law
ISBN : 9781317161264

Get Book

Consumer Debt and Social Exclusion in Europe by Hans-W. Micklitz,Irina Domurath Pdf

This book analyses the dichotomy between the goal of social inclusion and the effect of social exclusion through over-indebtedness since 2008 in Europe. Filling a vital gap in the current literature on the effects of the financial and economic crisis, this volume puts into context academic discussion with the real-life dimension of over-indebtedness. Reports from six European countries provide socio-economic and legal information on over-indebtedness as well as the regulatory and judicial responses to the problems entailed by over-indebtedness. They form the empirical background for five analyses of different aspects of the inclusion-exclusion dichotomy. It becomes clear that in the context of credit expansion, individual over-indebtedness has turned into a social issue, which the current design of the consumer credit and mortgage system in Europe has helped to produce while disregarding the consequential danger of social exclusion.

Household Debt and Economic Crises

Heikki Hiilamo
Household Debt and Economic Crises Book PDF

Author : Heikki Hiilamo
Publisher : Edward Elgar Publishing
Page : 192 pages
File Size : 51,9 Mb
Release : 2018-08-31
Category : Business & Economics
ISBN : 9781785369872

Get Book

Household Debt and Economic Crises by Heikki Hiilamo Pdf

The trajectories of increasing household debt are studied in the contexts of the US and the UK, Germany, the Netherlands, Finland and Norway. Household Debt and Economic Crises examines remedies to prevent and alleviate the over-indebtedness epidemic, creating a conceptual framework with which to analyse the causes and consequences of debt. Hiilamo argues that social policies are needed to tackle the current borrowing crisis that endangers and prevents the full participation in society of individuals with excessive debts.

External Debt Statistics

International Monetary Fund
External Debt Statistics Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 327 pages
File Size : 41,5 Mb
Release : 2003-06-25
Category : Business & Economics
ISBN : 9781589060609

Get Book

External Debt Statistics by International Monetary Fund Pdf

This Guide provides clear, up-to-date guidance on the concepts, definitions, and classifications of the gross external debt of the public and private sectors, and on the sources, compilation techniques, and analytical uses of these data. The Guide supersedes the previous international guidance on external debt statistics available in External Debt: Definition, Statistical Coverage, and Methodology (known as the Gray Book), 1988. The Guides conceptual framework derives from the System of National Accounts 1993 and the fifth edition of the IMFs Balance of Payments Manual(1993). Preparation of the Guide was undertaken by an Inter-Agency Task Force on Finance Statistics, chaired by the IMF and involving representatives from the BIS, the Commonwealth Secretariat, the European Central Bank, Eurostat, the OECD, the Paris Club Secretariat, UNCTAD, and the World Bank.