On the Information Content of Ldc Secondary Loan Market Prices PDF Download
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Author: Mr.Mark R. Stone Publisher: International Monetary Fund ISBN: 145184378X Category : Business & Economics Languages : en Pages : 18
Book Description
This note examines the impact of measurable and unmeasurable (not correlated with observed aggregates) information on secondary market LDC loan prices. The Institutional Investor country risk ratings are used to construct a proxy for the non-quantifiable information that moves debt market values. Regression results indicate that market participants use both macroeconomic aggregates and unmeasurable information to price LDC loans. This implies that price changes unrelated to observables need not raise concerns regarding price reliability, and, in fact, such price movements may well be conveying important information not quantified elsewhere.
Author: Mr.Mark R. Stone Publisher: International Monetary Fund ISBN: 145184378X Category : Business & Economics Languages : en Pages : 18
Book Description
This note examines the impact of measurable and unmeasurable (not correlated with observed aggregates) information on secondary market LDC loan prices. The Institutional Investor country risk ratings are used to construct a proxy for the non-quantifiable information that moves debt market values. Regression results indicate that market participants use both macroeconomic aggregates and unmeasurable information to price LDC loans. This implies that price changes unrelated to observables need not raise concerns regarding price reliability, and, in fact, such price movements may well be conveying important information not quantified elsewhere.
Author: Mark Stone Publisher: ISBN: Category : Languages : en Pages : 18
Book Description
This note examines the impact of measurable and unmeasurable (not correlated with observed aggregates) information on secondary market LDC loan prices. The Institutional Investor country risk ratings are used to construct a proxy for the non-quantifiable information that moves debt market values. Regression results indicate that market participants use both macroeconomic aggregates and unmeasurable information to price LDC loans. This implies that price changes unrelated to observables need not raise concerns regarding price reliability, and, in fact, such price movements may well be conveying important information not quantified elsewhere.
Author: International Monetary Fund. Research Dept. Publisher: International Monetary Fund ISBN: 1451947135 Category : Business & Economics Languages : en Pages : 256
Book Description
The relationship between the degree of wage indexation chosen by private agents and the degree of public debt indexation chosen by the government is examined. It is shown that the government is likely to increase public debt indexation in response to an increase in wage indexation. By contrast, higher public debt indexation has an ambiguous effect on wage indexation. In equilibrium, wage and public debt indexation may be positively or negatively related. This relationship is analyzed in situations where the policymakers can precommit to policies and in those they cannot.
Author: British Library of Political and Economic Science Publisher: Psychology Press ISBN: 9780415074612 Category : Economics Languages : en Pages : 766
Book Description
IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on International Finance and Monetary Policy Publisher: ISBN: Category : Debts, External Languages : en Pages : 254
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Finance, Trade, and Monetary Policy Publisher: ISBN: Category : Competition, International Languages : en Pages : 488
Author: Mr.Mark R. Stone
Author: Mr.Mark R. Stone
Author: Mark Stone
Author: International Monetary Fund. Research Dept.
Author: British Library of Political and Economic Science
Author: 
Author: 
Author: MARGARET R. KELLY, IAN S. McDONALD, ROZLYN COLEMAN AND SARA KANE
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on International Finance and Monetary Policy
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Finance, Trade, and Monetary Policy
Author: United States. General Accounting Office