Sensible Debt Buybacks for Highly Indebted Countries
Sensible Debt Buybacks for Highly Indebted Countries

Author: Enrica Detragiache

Publisher: World Bank Publications

Published: 1991

Total Pages: 37

ISBN-13:

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Concerted agreements in which debt repurchases are linked to reduced interest rates or new-money requirements can make buybacks at a fair price viable, while preventing a free-rider problem among riders.

Voluntary Debt Reduction
Voluntary Debt Reduction

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1988-11-07

Total Pages: 22

ISBN-13: 1451949359

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This paper provides empirical evidence on the determinants of long-term growth performance in a sample of 55 developing countries grouped by income levels. The evidence indicates that a model incorporating the savings rate, export performance, expenditures on human capital development, the growth of population, and the real interest rate on external debt, explains the growth performance of these countries remarkably well. The model also suggests policies that would lead to higher long-run rates of growth.

A Primer on Managing Sovereign Debt-Portfolio Risks
A Primer on Managing Sovereign Debt-Portfolio Risks

Author: Thordur Jonasson

Publisher: International Monetary Fund

Published: 2018-04-06

Total Pages: 133

ISBN-13: 1484350545

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This paper provides an overview of sovereign debt portfolio risks and discusses various liability management operations (LMOs) and instruments used by public debt managers to mitigate these risks. Debt management strategies analyzed in the context of helping reach debt portfolio targets and attain desired portfolio structures. Also, the paper outlines how LMOs could be integrated into a debt management strategy and serve as policy tools to reduce potential debt portfolio vulnerabilities. Further, the paper presents operational issues faced by debt managers, including the need to develop a risk management framework, interactions of debt management with fiscal policy, monetary policy, and financial stability, as well as efficient government bond markets.

The IMF and the Latin American Debt Crisis
The IMF and the Latin American Debt Crisis

Author: Mr.James M. Boughton

Publisher: International Monetary Fund

Published: 1994-10-10

Total Pages: 28

ISBN-13:

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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.

Dealing with the Debt Crisis
Dealing with the Debt Crisis

Author: Ishrat Husain

Publisher: World Bank Publications

Published: 1989

Total Pages: 326

ISBN-13: 9780821312469

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The debt crisis in perspective; Debt management in the late 1980s; Debt reduction and recontracting.

The Macroeconomics of the Public Sector Deficit
The Macroeconomics of the Public Sector Deficit

Author: William Easterly

Publisher: World Bank Publications

Published: 1991

Total Pages: 78

ISBN-13:

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Politica macroeconomica y analisis de las cuentas del sector publico entre 1970-87, balance con relacion a las exportaciones de cafe, deficit fiscal, inflacion y tasas de interes.