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Commercial Bank Debt Restructuring

Commercial Bank Debt Restructuring »

Source: Commercial Bank Debt Restructuring : The Experience of Bulgaria

Volume/Issue: 1995/6

Series: IMF Policy Discussion Papers

Author(s): Aerdt Houben

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1995

ISBN: 9781451971941

Keywords: Bulgaria, debt, debt reduction, interest, debt service, external debt

This paper reviews commercial bank debt restructuring based on the recent experience of Bulgaria. While the deal is shown to have generated substantial debt relief at a remarkably low cost, several lessons are draw...

Restructuring of Commercial Bank Debt by Developing Countries

Restructuring of Commercial Bank Debt by Developing Countries »

Source: Restructuring of Commercial Bank Debt by Developing Countries : Lessons from Recent Experience

Volume/Issue: 1993/7

Series: IMF Policy Discussion Papers

Author(s): Mohamed El-Erian , and Charles Collyns

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1993

ISBN: 9781451971187

Keywords: debt reduction, debt restructuring, bank debt, debt service, debt service reduction

A number of developing countries, including some of the largest debtors, have recently completed comprehensive debt and debt service restructuring packages with their commercial bank creditors. The experience of th...

Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings

Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings »

Source: Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings

Volume/Issue: 2005/9

Series: IMF Policy Discussion Papers

Author(s): Julie Kozack

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2005

ISBN: 9781451975840

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...

Conditionality as an Instrument of Borrower Credibility

Conditionality as an Instrument of Borrower Credibility »

Source: Conditionality as an Instrument of Borrower Credibility

Volume/Issue: 1997/2

Series: IMF Policy Discussion Papers

Author(s): Pierre Dhonte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1997

ISBN: 9781451974423

Keywords: Conditionality, Conditionality/Credibility, credit ratings, external financing, credit rating, institutional investor, debt

Fund member countries that adopt market-friendly policies often encounter a credibility problem—market-friendly policies are not effective in stimulating private investment as long as there remains a signifi...

Primary Surpluses and sustainable Debt Levels in Emerging Market Countries

Primary Surpluses and sustainable Debt Levels in Emerging Market Countries »

Source: Primary Surpluses and sustainable Debt Levels in Emerging Market Countries

Volume/Issue: 2005/6

Series: IMF Policy Discussion Papers

Author(s): Jonathan Ostry , and Abdul Abiad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2005

ISBN: 9781451975703

Keywords: Primary surplus;, public debt sustainability, debt, public debt, primary surplus, debt sustainability, interest rates, National Budget, Deficit, and Debt,

This paper aims to put some constraints on the way primary surpluses are projected when making assessments of public debt sustainability. Projections should be tied either to the country's historical track record i...

The Strategy of Reform in the Previously Centrally-Planned Economies of Eastern Europe

The Strategy of Reform in the Previously Centrally-Planned Economies of Eastern Europe »

Source: The Strategy of Reform in the Previously Centrally-Planned Economies of Eastern Europe : Lessons and Challenges

Volume/Issue: 1993/6

Series: IMF Policy Discussion Papers

Author(s): Eduardo Borensztein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1993

ISBN: 9781451971873

Keywords: privatization, state enterprises, mass privatization, enterprise debt, enterprise sector

This paper analyzes some of the lessons that can be drawn from the experience of Eastern Europe in the process of transition to a market economy that is under way, and examines some key challenges currently facing...

Reconsidering External Financing of Domestic Budget Deficits

Reconsidering External Financing of Domestic Budget Deficits »

Source: Reconsidering External Financing of Domestic Budget Deficits : Debunking Some Received Wisdom

Volume/Issue: 2000/8

Series: IMF Policy Discussion Papers

Author(s): David Woo , and Simon Gray

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2000

ISBN: 9781451970951

Keywords: Debt management, Budget deficits, External financing, foreign currency denominated sovereign debt, foreign currency, domestic currency, exchange rate, foreign exchange, foreign investors

The past decade has witnessed a steady increase in outstanding external sovereign debt issued by emerging market economies. This paper examines some of the “received wisdom” regarding the benefits of...

Should Italy Sell Its Nonfinancial Assets to Reduce the Debt?

Should Italy Sell Its Nonfinancial Assets to Reduce the Debt? »

Source: Should Italy Sell Its Nonfinancial Assets to Reduce the Debt?

Volume/Issue: 2008/1

Series: IMF Policy Discussion Papers

Author(s): Stefania Fabrizio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2008

ISBN: 9781451945959

Keywords: Fiscal policy, Fiscal adjustment, Asset liquidation, Italy, Public debt reduction, public net worth, sustainability of public finances, strategy for managing public assets, debt, public debt

This paper assesses the proposal, publicly debated in recent years in Italy, to reduce public debt by selling public assets, especially nonfinancial tangible assets. The main findings indicate that, although sellin...

Fiscal Accounting of Bank Restructuring

Fiscal Accounting of Bank Restructuring »

Source: Fiscal Accounting of Bank Restructuring

Volume/Issue: 1997/5

Series: IMF Policy Discussion Papers

Author(s): Andy Wolfe , Jeffrey Davis , and James Daniel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1997

ISBN: 9781451972573

Keywords: Bank restructuring, Fiscal management, Fiscal, Accounting, Banks, fiscal balance, debt, central bank, interest, financial institutions

Current guidelines and practice for classifying government bank assistance operations inadequately capture in the fiscal balance some of the most common, and important, operations. The shortcomings result from the...

Corporate Debt Restructuring in East Asia

Corporate Debt Restructuring in East Asia »

Source: Corporate Debt Restructuring in East Asia : Some Lessons from International Experience

Volume/Issue: 1998/13

Series: IMF Policy Discussion Papers

Author(s): Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1998

ISBN: 9781451968729

Keywords: Debt, Debt restructuring, Asia, Malaysia, Korea, Republic of, Indonesia, Thailand, East Asia, corporate debt, corporate restructuring

This paper summarizes some lessons from international experience for corporate debt restructuring in east Asia. Basic principles of debt restructuring are described, the experiences of Mexico, Chile, the United Kin...