Can swaps solve the debt crisis?: lessons from the Chilean experience
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Princeton, NJ
Internat. Finance Section, Dep. of Economics, Princeton Univ.
1990
|
| Series: | Princeton studies in international finance
69 |
| Subjects: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002881737&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Physical Description: | 50 S. |
| ISBN: | 0881652415 |
Staff View
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| 264 | 1 | |a Princeton, NJ |b Internat. Finance Section, Dep. of Economics, Princeton Univ. |c 1990 | |
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Record in the Search Index
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|---|---|
| adam_text | CONTENTS
1 INTRODUCTION 1
2 THE EVOLUTION OF CHILE S DEBT 5
The Process of Debt Accumulation 5
The Strategy of Debt Reduction 8
3 DEBT REDUCTION BY THE PRIVATE SECTOR 13
The Decline of Private Debt Since 1982 13
The Importance of Informal Mechanisms 14
Private Debt Reduction through Formal Schemes 16
4 DEBT REDUCTION BY THE PUBLIC SECTOR 17
Magnitudes and Mechanisms 17
The Repurchase of Public Debt at a Discount 17
Debt Equity Swaps Involving Public Liabilities 21
5 DOMESTIC MACROECONOMIC EFFECTS OF DEBT REDUCTION 25
The Domestic Financing of Debt Swaps 25
Debt Repurchases and the Parallel Foreign Exchange Market 30
Debt Equity Swaps, Investment, and Growth 33
6 BALANCE OF PAYMENTS EFFECTS OF DEBT CONVERSIONS 35
The Liquidity Effects of Swaps 35
Interest, Remittances, and the Balance of Payments 36
The Prospects for Chile s Current Account 39
7 CONCLUSIONS 41
REFERENCES 44
LIST OF TABLES
1 Public and Private Sector Gross Foreign Debt, 1975 89 7
2 The Formal Mechanisms of Debt Reduction 10
3 External Debt Reduction by Debtor and Mechanism 12
4 Estimated Distribution of Discounts on Debt Repurchase
(Chapter XVIII) 19
5 Estimated Distribution of Discounts on Debt Capitalization
(Chapter XDC) 23
6 Domestic Public Debt and the Deficit, 1980 88 26
7 The Fiscal Effects of Debt Swaps 28
8 Government Interest Payments 29
|
| any_adam_object | 1 |
| author | Larraín Bascuñán, Felipe Velasco, Andrés 1960- |
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| author_facet | Larraín Bascuñán, Felipe Velasco, Andrés 1960- |
| author_role | aut aut |
| author_sort | Larraín Bascuñán, Felipe |
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| dewey-full | 336.3/4/0983 |
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| dewey-ones | 336 - Public finance |
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| discipline | Wirtschaftswissenschaften |
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| geographic | Chile (DE-588)4009929-5 gnd |
| geographic_facet | Chile |
| id | DE-604.BV004693692 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T08:21:27Z |
| institution | BVB |
| isbn | 0881652415 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-002881737 |
| oclc_num | 22662655 |
| open_access_boolean | |
| owner | DE-12 DE-703 DE-355 DE-BY-UBR DE-N2 DE-188 |
| owner_facet | DE-12 DE-703 DE-355 DE-BY-UBR DE-N2 DE-188 |
| physical | 50 S. |
| publishDate | 1990 |
| publishDateSearch | 1990 |
| publishDateSort | 1990 |
| publisher | Internat. Finance Section, Dep. of Economics, Princeton Univ. |
| record_format | marc |
| series | Princeton studies in international finance |
| series2 | Princeton studies in international finance |
| spellingShingle | Larraín Bascuñán, Felipe Velasco, Andrés 1960- Can swaps solve the debt crisis? lessons from the Chilean experience Princeton studies in international finance Dettes - Allègement - Chili Dettes - Conversion en prises de participation - Chili Dettes extérieures - Chili Deuda exterior - Chile Deuda exterior, Reducción de la - Chile Debt equity conversion Chile Debt relief Chile Debts, External Chile Auslandsschulden (DE-588)4003783-6 gnd Schuldenregelung (DE-588)4180115-5 gnd Debt-equity swap (DE-588)4210552-3 gnd |
| subject_GND | (DE-588)4003783-6 (DE-588)4180115-5 (DE-588)4210552-3 (DE-588)4009929-5 |
| title | Can swaps solve the debt crisis? lessons from the Chilean experience |
| title_auth | Can swaps solve the debt crisis? lessons from the Chilean experience |
| title_exact_search | Can swaps solve the debt crisis? lessons from the Chilean experience |
| title_full | Can swaps solve the debt crisis? lessons from the Chilean experience Felipe Larraín and Andrés Velasco |
| title_fullStr | Can swaps solve the debt crisis? lessons from the Chilean experience Felipe Larraín and Andrés Velasco |
| title_full_unstemmed | Can swaps solve the debt crisis? lessons from the Chilean experience Felipe Larraín and Andrés Velasco |
| title_short | Can swaps solve the debt crisis? |
| title_sort | can swaps solve the debt crisis lessons from the chilean experience |
| title_sub | lessons from the Chilean experience |
| topic | Dettes - Allègement - Chili Dettes - Conversion en prises de participation - Chili Dettes extérieures - Chili Deuda exterior - Chile Deuda exterior, Reducción de la - Chile Debt equity conversion Chile Debt relief Chile Debts, External Chile Auslandsschulden (DE-588)4003783-6 gnd Schuldenregelung (DE-588)4180115-5 gnd Debt-equity swap (DE-588)4210552-3 gnd |
| topic_facet | Dettes - Allègement - Chili Dettes - Conversion en prises de participation - Chili Dettes extérieures - Chili Deuda exterior - Chile Deuda exterior, Reducción de la - Chile Debt equity conversion Chile Debt relief Chile Debts, External Chile Auslandsschulden Schuldenregelung Debt-equity swap Chile |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002881737&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV043640400 |
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