Pricing Average Price Options for the 1990 Mexican and Venezuelan Recapture Clauses
Pricing Average Price Options for the 1990 Mexican and Venezuelan Recapture Clauses

Author: Stijn Claessens

Publisher: World Bank Publications

Published: 1990

Total Pages: 18

ISBN-13:

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Pricing models are developed to value the recapture clauses in the 1990 Mexican and Venezuelan debt restructuring agreements. The current values of the recapture clauses are less than one- quarter of the maximum contractually possible and decrease as the standard deviation of the oil price increases.

Author:

Publisher: World Bank Publications

Published:

Total Pages: 120

ISBN-13:

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The Macroeconomics of Price Reform in Socialist Countries
The Macroeconomics of Price Reform in Socialist Countries

Author: Simon Commander

Publisher: World Bank Publications

Published: 1990

Total Pages: 50

ISBN-13:

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The macroeconomic consequences of adopting different price rules for adjusting controlled prices in systems where controlled and market prices coexist and the implications of varying the proportions of controlled and market prices.

Anticipated Real Exchange-rate Changes and the Dynamics of Investment
Anticipated Real Exchange-rate Changes and the Dynamics of Investment

Author: Luis Serven

Publisher: World Bank Publications

Published: 1990

Total Pages: 54

ISBN-13:

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Unanticipated changes in the real exchange rate affect investment through their impact on the desired capital stock, whose direction depends on a number of factors and is in general ambiguous. In contrast, anticipated changes can also have an important effect on the optimal timing of investment, in a direction that depends on the financial openness of the economy and on the important content of capital goods. This issue is explored using a simple macroeconomic model.

Determinants of Bulgarian Brady Bond Prices
Determinants of Bulgarian Brady Bond Prices

Author: Nina Budina

Publisher: World Bank Publications

Published: 2000

Total Pages: 36

ISBN-13:

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"Macroeconomic variables and changes in foreign reserves affect the secondary market price of Brady bonds in Bulgaria. So do changes in the external environment, including crises in other parts of the world"--Cover.

The Derivatives Sourcebook
The Derivatives Sourcebook

Author: Terence Lim

Publisher: Now Publishers Inc

Published: 2006

Total Pages: 225

ISBN-13: 1933019212

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The Derivatives Sourcebook is a citation study and classification system that organizes the many strands of the derivatives literature and assigns each citation to a category. Over 1800 research articles are collected and organized into a simple web-based searchable database. We have also included the 1997 Nobel lectures of Robert Merton and Myron Scholes as a backdrop to this literature.