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

Business & Finance, Economics, Money & Monetary Policy, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings by Julie Kozack, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Julie Kozack ISBN: 9781452754376
Publisher: INTERNATIONAL MONETARY FUND Publication: December 1, 2005
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Julie Kozack
ISBN: 9781452754376
Publisher: INTERNATIONAL MONETARY FUND
Publication: December 1, 2005
Imprint: INTERNATIONAL MONETARY FUND
Language: English

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 inherently sensitive to the choice of discount rate. This paper explores issues that arise in selecting discount rates when evaluating sovereign debt restructurings. It suggests using a range of discount rates and centering the analysis around the internal rate of return to assess whether the debt restructuring has generated net present value savings or costs to the debtor.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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 inherently sensitive to the choice of discount rate. This paper explores issues that arise in selecting discount rates when evaluating sovereign debt restructurings. It suggests using a range of discount rates and centering the analysis around the internal rate of return to assess whether the debt restructuring has generated net present value savings or costs to the debtor.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Commercial Bank Debt Restructuring--The Experience of Bulgaria by Julie Kozack
Cover of the book Adjustment and Financing in the Developing World: The Role of the International Monetary Fund by Julie Kozack
Cover of the book Ukraine's Gas Arrears: Issues and Recommendations by Julie Kozack
Cover of the book Transition to Accrual Accounting by Julie Kozack
Cover of the book Modern Banking and OTC Derivatives Markets: The Transformation of Global Finance and its Implications for Systemic Risk by Julie Kozack
Cover of the book Hong Kong, China: Growth, Structural Change, and Economic Stability During the Transition by Julie Kozack
Cover of the book Budget Classification by Julie Kozack
Cover of the book Finance & Development, March 1968 by Julie Kozack
Cover of the book Finance and Development, June 2014 by Julie Kozack
Cover of the book Macroeconomics and the Environment by Julie Kozack
Cover of the book Credibility Without Rules by Julie Kozack
Cover of the book The Effectiveness of Capital Controls and Prudential Policies in Managing Large Inflows by Julie Kozack
Cover of the book Finance & Development, September 2009 by Julie Kozack
Cover of the book Balance of Payments Textbook by Julie Kozack
Cover of the book Finance & Development, March 1984 by Julie Kozack
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy