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Western Hemisphere > Dominican Republic

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill x
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Cover IMF Working Papers
Sovereign Debt Restructurings 1950-2010: Literature Survey, Data, and Stylized Facts
Christoph Trebesch, Mr. Michael G. Papaioannou, and Mr. Udaibir S Das
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.
Keywords:
WP; short-term debt; debt limit; bank debt; sovereign bond; Sovereign Default; Debt Restructuring; long-term debt; bond issue; debt ratio; institutional investor; nominal interest rate; Bonds; Sovereign debt restructuring; Global; Europe; Caribbean
Cover Sovereign Debt Restructuring and Debt Sustainability
Sovereign Debt Restructuring and Debt Sustainability
An Analysis of Recent Cross-Country Experience
Mr. Harald Finger and Mr. Mauro Mecagni

Abstract

Restoring a country's debt to a sustainable path after a sovereign debt restructuring is key to ensuring a credible and durable exit from the crisis. In recent years, a number of countries have restructured their sovereign liabilities, either following a default, or preemptively, to avoid a default. This Occasional Paper takes stock of the experiences of some of these countries--Argentina, the Dominican Republic, Ecuador, Moldova, Pakistan, Russia, Ukraine, and Uruguay--with debt-restructuring operations, with a view to assessing the outcomes and whether debt sustainability has been restored. The emphasis of the study is on sovereign debt owed to private creditors.

Keywords:
OP; debt; debt ratio; debt-sustainability assessment; inferred crisis probability; ratio; liquidity position; public debt crisis; standard error; Debt restructuring; Sovereign debt restructuring; Bonds; Debt sustainability; Global; Africa; debt profile; debt vulnerability; solvency problem; Stress testing
Cover IMF Survey
IMF Survey, Volume 30, Issue 21
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
Keywords:
SV; international financial institutionsmarket; country; IMF's executive board; SDR; IMF's website; IMF staff country; IMF publication service; IMF staff assessment; International capital markets; Capital markets; Early warning systems; Global; Sub-Saharan Africa; Caribbean; East Asia; Asia and Pacific
Cover Summary Proceedings of the Nineteenth Annual Meeting of the Board of Governors 1964
Summary Proceedings of the Nineteenth Annual Meeting of the Board of Governors 1964
International Monetary Fund. Secretary's Department

Abstract

The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.

Keywords:
AS; executive director; word; fund; central bank Governors; congressional adviser; S.J. Handfield-Jones; board of governors of the fund; balance of payments difficulty; International liquidity; International monetary system; Liquidity; Gold; Exports; Central America; Europe; Africa; Western Europe; East Africa; foregoing Resolution; balance of payments difficulties; Liquidity risk; South America