Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings »
Series: IMF Policy Discussion Papers
Author(s): Julie Kozack
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2005
Keywords: Financial crisis, Discount rates, International financial markets, Sovereign debt restructuring, Discount rate, net present value, debt, debt restructuring, debt sustainability, debt service
Assessments regarding the effectiveness of sovereign debt restructurings are often summarized by comparisons of the net present value of debt service before and after the restructuring. These calculations are inher...