A Valuation Formula for LDC Debt PDF Download

Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 25

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Author: Olivier Blanchard
Publisher: MIT Press
ISBN: 9780262521741
Category : Business & Economics
Languages : en
Pages : 312

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Book Description
This is the seventh in a series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics. Contents What Shall We Do Today? Goals and Signposts in the Operation of Monetary Policy, Ben S. Bernanke and Frederic S. Mishkin - A Tale of Two Cities: Factor Accumulation and Technical Change in Hong Kong and Singapore, Alwyn Young - International Trade and the Wage Structure, Steven J. Davis - Imperfect Information and Macroeconomic Analysis, Joseph E. Stiglitz and Bruce Greenwald - Asset Pricing Lessons for Macroeconomics, Lars P. Hansen and John H. Cochrane - Postmortem on the Debt Crisis, Daniel Cohen

Author: Stijn Claessens
Publisher: World Bank Publications
ISBN:
Category : Debt relief
Languages : en
Pages : 25

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Book Description
This pricing model for secondary market debt is designed to assess the impact of debt reduction on the value of remaining claims and the market value of different types of guarantees.

Author: Marc Chesney
Publisher: World Bank Publications
ISBN:
Category : Debt relief
Languages : en
Pages : 27

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Book Description
The risk that the debtor country will default on its external debt may be significantly decreased by a debt-reduction operation, by a reduction in international interest rates, and by changes in the country's willingness to pay.

Author: Stijn Claessens
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 43

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Author: Laurent L. Jacque
Publisher: Springer Science & Business Media
ISBN: 1461516234
Category : Business & Economics
Languages : en
Pages : 364

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Book Description
The central question addressed in Financial Innovations and the Welfare of Nations is how the transfer of financial innovations from developed to developing economies can nurture the dynamics of emerging capital markets. National capital markets can be positioned along a continuum ranging from embryonic to mature and emerged markets according to a decreasing "national cost of capital" criterion. In the introductory chapter Laurent Jacque argues that newly emerging countries are handicapped by a high cost of capital due to "incomplete" and inefficient financial markets. As capital markets graduate to higher level of "emergedness", their national firms avail themselves of a lower cost of capital that makes them more competitive in the global economy and spurs economic growth. Skillful transfer of financial innovations to emerging markets often encourages the deregulation of the country's financial services sector. This results into new conduits for a more efficient capital allocation process such as commercial paper, securitized consumer finance and other disintermediated modes of financing which out-compete traditional financial intermediaries (mostly commercial banks), reduce households' cost of living and conjointly fuel the dynamics of emerging markets. Our response to the central question of how the transfer of financial innovations can enhance the Wealth of Nations is to show that it reduces the cost of capital while not unduly increasing systemic risk. Part I examines the relationship between financial innovations and systemic risk of the international financial system.

Author: D. Cohen
Publisher: Springer
ISBN: 1349260843
Category : Business & Economics
Languages : en
Pages : 206

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Book Description
A comprehensive overview of current research in the field of trade, payments and debt. Grossman and Helpman provide a non-technical review of the literature on technological deteminants of trade. Thisse and Fujita discuss current work on the spatial configuration of economic activities. Robert Findlay tracks world trade from 1000 to 1750, while Robert Baldwin surveys the impact of international trading alliances. In his Presidential paper, the World Bank Vice-President Michael Bruno looks at the pattern of debt crises and economic recovery. The sustainability of external debt in Africa is examined by Daniel Cohen. Alberto Giovannini's argues the case for flexible exchange rates.

Author: Colin A. Bruce
Publisher: World Bank Publications
ISBN:
Category : Debts, External
Languages : en
Pages : 110

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Book Description
Models of the RMSM-X genre can-- while preserving their logical structure-- incorporate behavioral equations and provide useful insights into policy actions that would correct internal and external macroeconomic imbalances.

Author: Valentin Ulrici
Publisher: Josef Eul Verlag GmbH
ISBN: 3899366409
Category : Bond market
Languages : en
Pages : 246

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Book Description

Author: Narcís Serra
Publisher: Oxford University Press, USA
ISBN: 019953408X
Category : Business & Economics
Languages : en
Pages : 399

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Book Description
Introduction: From the Washington Consensus towards a new global governance / Narcís Serra, Shari Spiegel, Joseph E. Stiglitz -- A short history of the Washington Consensus / John Williamson -- Inequality and redistribution / Paul Krugman -- Is there a post-Washington Consensus consensus? / Joseph E. Stiglitz -- The Barcelona development agenda -- A broad view of macroeconomic stability / José Antonio Ocampo -- The wild ones : industrial policies in the developing world / Alice H. Amsden -- Sudden stop, financial factors, and economic collapse in Latin America : learning from Argentina and Chile / Guillermo A. Calvo, Ernesto Talvi -- Towards a new modus operandi of the international financial system / Daniel Cohen -- The world trading system and implications of external opening / Jeffrey A. Frankel -- The world trading system and development concerns / Martin Khor -- Reforming labor market institutions : unemployment insurance and employment protection / Olivier Blanchard -- International migration and economic development / Deepak Nayyar -- The future of global governance / Joseph E. Stiglitz -- Growth diagnostics / Ricardo Hausmann, Dani Rodrik, Andrés Velasco -- A practical approach to formulating growth strategies / Dani Rodrik.