Wealth Effects of Voluntary Debt Reduction in Latin America PDF Download
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Author: Daniel Oks Publisher: World Bank Publications ISBN: Category : Debt equity conversion Languages : en Pages : 44
Book Description
The impact of voluntary debt reduction on private wealth depends on how agents subjectively value external liabilities and on how much they perceive public debt as future discounted taxes.
Author: Daniel Oks Publisher: World Bank Publications ISBN: Category : Debt equity conversion Languages : en Pages : 44
Book Description
The impact of voluntary debt reduction on private wealth depends on how agents subjectively value external liabilities and on how much they perceive public debt as future discounted taxes.
Author: Daniel Oks Publisher: World Bank Publications ISBN: Category : Debt equity conversion Languages : en Pages : 42
Book Description
This model explains why debt- equity swaps tend to raise the steady- state price of sovereign debt in Chile and Brazil and reduce it in Argentina and Mexico.
Author: Mr.James M. Boughton Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 28
Book Description
The IMF played a key role in developing and implementing the debt strategy throughout the 1980s. That strategy not only overcame the crisis but also produced successful transformationsof several major economiesin Latin America. Nonetheless, the IMF's role has also been criticized on several grounds. This study examines seven such criticisms.
Author: M. Ayhan Kose Publisher: World Bank Publications ISBN: 1464815453 Category : Business & Economics Languages : en Pages : 403
Book Description
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.
Author: Ms.Carmen Reinhart Publisher: International Monetary Fund ISBN: 1498338380 Category : Business & Economics Languages : en Pages : 47
Book Description
High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.
Author: Juan Manuel Pérez Publisher: Xlibris Corporation ISBN: Category : History Languages : en Pages : 620
Book Description
This is a general bibliography on Latin America, covering a wide variety of subjects, from pre-Columbian civilizations, to Columbus, to Castro, to the foreign debt, to pollution, ect. This work will not only be of use to the general, casual reader on Latin America, but also to the more specialized researcher. The book contains over 800 topics, with over 8,000 titles identified.
Author: Mr. Dmitry Gershenson Publisher: International Monetary Fund ISBN: 1513592238 Category : Business & Economics Languages : en Pages : 77
Book Description
Despite some improvement since 2011, Latin America and the Caribbean continue to lag behind other regions in terms of financial inclusion. There is no clear evidence that fintech developments have supported greater financial inclusion in LAC, contrary to what has been observed elsewhere in the world. Case studies by national policy experts suggest that barriers to entry in the financial sector, along with a constraining regulatory environment, may have hindered a faster adoption of fintech. However, fintech development seems to have accelerated in the wake of the COVID-19 pandemic and with the support of recent policy initiatives.
Author: Stijn Claessens Publisher: ISBN: Category : Debt equity conversion Languages : en Pages : 48
Book Description
Here is a simple method for identifying the best debt deals a country can bargain for with creditors when debt reduction and new money are the only options available.
Author: Daniel Oks
Author: Daniel Oks
Author: Daniel Oks
Author: Jeffrey Sachs
Author: David Knox
Author: Mr.James M. Boughton
Author: M. Ayhan Kose
Author: Ms.Carmen Reinhart
Author: Juan Manuel Pérez
Author: Mr. Dmitry Gershenson
Author: Stijn Claessens