The Menu Approach to Developing Country External Debt

Released on by Asl? Demirgüç-Kunt
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  • The Menu Approach to Developing Country External Debt Book Detail

  • Author : Asl? Demirgüç-Kunt
  • Release Date : 1990
  • Publisher : World Bank Publications
  • Genre : Bank loans
  • Pages : 39
  • ISBN 13 :
  • File Size : 51,51 MB
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The Menu Approach to Developing Country External Debt by Asl? Demirgüç-Kunt PDF Summary

Book Description: Suppose that each creditor bank to a particular debtor country is confronted with a choice: each dollar of country debt held can be either rescheduled or sold at a given price. What choice will they make? Relatively strong banks will take advantage of a debt workout to exit from the debt. Relatively weak banks will relend.

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Debtors and creditors, including the international institutions, should work toward longer-term adjustment plans that ensure debtor countries of adequate resour