Cover IMF Working Papers
Statistical Issues of Debt Conversions
Author:
International Monetary Fund
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Series:
IMF Working Papers
Volume/Issue:
Volume 1988: Issue 028
Language:
English
Publication Date:
01 Jan 1988
DOI:
https://doi.org/10.5089/9781451981056.001
ISBN:
9781451981056
ISSN:
1018-5941
Pages:
28
Keywords:
WP; debt; currency; debtor country; investor; nonbank investor; debt conversion program; debt-conversion term; debt claim; bank debt; debt conversion transaction; Debt conversion; External sector statistics; Securities; Stocks
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper examines two aspects of debt conversions. First, it examines general aspects of secondary markets of developing countries’ bank debt, and the debt conversions that have taken place in a number of developing countries experiencing debt servicing difficulties. Second, by using common characteristics of debt conversion transactions, the paper analyzes the effects of debt conversions on monetary, balance of payments, and fiscal accounts in the debtor countries. It concludes with discussions on implications of debt conversions for reports of external debt statistics.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 1988: Issue 028