Debt-for-Development Exchanges

Debt-for-Development Exchanges PDF

Author: Ross P. Buckley

Publisher: Cambridge University Press

Published: 2011-04-25

Total Pages: 343

ISBN-13: 1139499572

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Debt-for-development exchanges are an important financing tool for development. They make debt relief more politically and practically attractive to donor countries and serve the development of recipient countries through the cancellation of external debt and the funding of important development projects. This book commences by chronicling the emergence of debt-for-development exchanges from their forebears, debt-equity exchanges, and analyzes why debt for development suffers from very few of the problems that plagued debt equity. The book analyzes the different types of debt-for-development exchanges and the different ways they have been used by all donor nations that have made use of them. The book then explores a range of critical perspectives on exchanges and concludes by considering a wide range of new and innovative uses for the funds generated by exchanges.

Debt Swaps for Sustainable Development

Debt Swaps for Sustainable Development PDF

Author: Dr. Jürgen Kaiser

Publisher: Iucn

Published: 1996

Total Pages: 76

ISBN-13:

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This publication is aimed at helping IUCN's members to understand the scope and mechanisms of debt conversion and to spot opportunities for their own action in this important field.

Economic Development and World Debt

Economic Development and World Debt PDF

Author: Soumitra Sharma

Publisher: Springer

Published: 1989-07-03

Total Pages: 455

ISBN-13: 1349200441

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The papers presented here were first given at the International Conference of Economists at the University of Zagreb in Yugoslavia. The book contains a rare selection of divergent theoretical and practical views on the acute problem of international debt and its repercussions on world economic growth at large and the developing countries in particular.

Sovereign Debt Restructurings 1950-2010

Sovereign Debt Restructurings 1950-2010 PDF

Author: Mr.Udaibir S. Das

Publisher: International Monetary Fund

Published: 2012-08-01

Total Pages: 128

ISBN-13: 1475505531

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This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses.

The Debt Dilemma of Developing Nations

The Debt Dilemma of Developing Nations PDF

Author: Chris C. Carvounis

Publisher: Praeger

Published: 1984-12-11

Total Pages: 216

ISBN-13:

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Chris C. Carvounis provides the background, the theory and definition, and the analytical tools necessary to understand the scenarios now being played out in the various LDCs. After presenting general issues related to LDC debt from the functionally distinct positions of borrowers, lenders, and negotiators, Carvounis examines in detail the cases of five specific debtor nations--Turkey, Mexico, Brazil, Argentina, and Poland. For each country, a chronology provides background information and a commentary analyzes the key debtor-related matters. The commentaries discuss national economic development strategy, the orchestration of internal and external economies, the role of the central government as investor and regulator, domestic and foreign political factors pertinent to the country's external debts, and other significant factors.

Global Waves of Debt

Global Waves of Debt PDF

Author: M. Ayhan Kose

Publisher: World Bank Publications

Published: 2021-03-03

Total Pages: 403

ISBN-13: 1464815453

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The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Debt And Disorder

Debt And Disorder PDF

Author: John Loxley

Publisher: Routledge

Published: 2019-03-13

Total Pages: 232

ISBN-13: 0429712197

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One of the most important and controversial challenges feeing the international financial and trading system is the need for developing countries to meet their high and rapidly growing external debt obligations and foreign exchange requirements. Developing countries have suffered major shocks in the form of global recession, high real interest rates, weakened terms of trade, and rising protectionism against their exports. The International Monetary Fund, the World Bank, Western central banks, and private financial institutions are seeking to avoid a collapse of the international financial system, and developing countries are seeking to grow through increased trade and access to external financing. Yet the fragility of current international trade and monetary systems seriously threatens the achievement of both sets of objectives. Professor Loxley integrates the structural adjustment experience of Third World countries with the policies, practices, and relationships of external financial agents in his discussion of options for reforming policy and of the limitations inherent in implementing these reforms.

The Human Rights Dimension in Debt-for-Development Exchanges

The Human Rights Dimension in Debt-for-Development Exchanges PDF

Author: Gillian Moon

Publisher:

Published: 2015

Total Pages: 11

ISBN-13:

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There is a high level of interaction and interdependence between the process of development and the realisation of human rights. This chapter considers debt-for-development exchanges from this perspective. It looks, first, at the human rights obligations of states in the context of development and at what is meant by the term 'development.' It then explores the capacity for debt-for-development exchanges to support or undermine human rights and considers whether the human rights-based approach to development might give useful guidance to parties negotiating exchanges.

Financial Development, Exchange Rate Fluctuations and Debt Dollarization: A Firm-Level Evidence

Financial Development, Exchange Rate Fluctuations and Debt Dollarization: A Firm-Level Evidence PDF

Author: Minsuk Kim

Publisher: International Monetary Fund

Published: 2019-08-02

Total Pages: 42

ISBN-13: 1513511149

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This paper examines how financial development influences the debt dollarization of nonfinancial firms in a sample of emerging market economies (EMEs). The macroeconomic channels are identified from an optimal portfolio allocation model and assessed empirically using the accounting information of nonfinancial firms from 21 EMEs during 2009–2017. The results show that financial development, measured by the private credit-to-GDP ratio, mainly reduces the influence of exchange rate volatility in determining a firm's debt currency composition, among other channels. Furthermore, the effect of exchange rate volatility becomes statistically insignificant beyond an estimated threshold credit-to-GDP ratio of 100 percent.

Delivering on Debt Relief

Delivering on Debt Relief PDF

Author: Nancy Birdsall

Publisher: Peterson Institute

Published: 2002

Total Pages: 190

ISBN-13: 9780881323313

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This study brings readers up to date on the complicated subject of debt relief for poor countries. It also addresses the questions of more efficient and equitable government spending, building better institutions and attracting productive private investment.

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