Recent Experience with Commercial Bank Debt Reduction PDF Download

Author: Stijn Claessens
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 52

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Book Description

Author: Stijn Claessens
Publisher:
ISBN:
Category : Banca comercial
Languages : en
Pages : 66

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Book Description
An analysis of the five recent debt-reduction agreements shows that the menu approach achieved debt reduction at substantially lower costs than a comparable market-based operation. But indirect benefits, or efficiency gains associated with debt reduction, are necessary to make the operation benefit the debtor.

Author: Aerdt G. F. J. Houben
Publisher: International Monetary Fund
ISBN: 145197194X
Category : Business & Economics
Languages : en
Pages : 32

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Book Description
This paper reviews commercial bank debt restructuring based on the recent experience of Bulgaria. While the deal is shown to have generated substantial debt relief at a remarkably low cost, several lessons are drawn that may be of broader relevance to countries restructuring bank debt. As, from time to time, it has been suggested that Bulgaria should have held out for more favorable treatment, or that it should now seek further debt reduction, the likely costs of these options are identified. Looking ahead, key policy issues are discussed that will determine growth prospects and debt sustainability over the medium term. It is argued that the deal’s success remains to be underpinned in particular by judicious fiscal and debt management policies.

Author: Graham Bird
Publisher: Springer
ISBN: 1349108316
Category : Business & Economics
Languages : en
Pages : 164

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Book Description
Banks are an integral element of the Third World debt problems but their activities have received little direct analysis. This work investigates various aspects of commercial bank lending to developing countries, examining past behaviour and looking at the likely future evolution of bank lending.

Author: Jeffrey Sachs
Publisher: World Bank Publications
ISBN:
Category : Debt equity conversion
Languages : en
Pages : 64

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Book Description
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:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 33

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Book Description

Author: Mr.Charles Collyns
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 34

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Book Description
A number of developing countries, including some of the largest debtors, have recently completed comprehensive debt and debt service restructuring packages with their commercial bank creditors. The experience of these countries provides important lessons for other countries that are just embarking on discussions to normalize their external payments situation. Following a brief description of the framework of the international debt strategy, this paper discusses the main lessons, distinguishing between those that are relevant to the process of negotiation and those relevant to the structure of the package being negotiated. This is a Paper on Policy Analysis and Assessment and the authors) would welcome any comments on the present text. Citations should refer to a Paper on Policy Analysis and Assessment of the International Monetary Fund, mentioning the authors) and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund.

Author: Harry Huizinga
Publisher: World Bank Publications
ISBN:
Category : Debt relief
Languages : en
Pages : 61

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Book Description

Author: K. Burke Dillon
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 84

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Book Description
This paper, following two earlier studies, reviews the arrangements for restructuring commercial bank and official debt up to early 1985.

Author: John Williamson
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 92

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Book Description
This study compares alternative mechanisms through which debtor countries might obtain debt relief from the commercial banks. Attention is largely focused on voluntary approaches to debt reduction: debt-equity swaps, buybacks and debt-debt swaps.