Debt Reduction and New Loans : A Contracting Perspective /

International debt contracts can incorporate-at least implicitly-contingencies governing debt reduction. This paper examines a series of debt contracts that allow for the possibility of rescheduling, forgiveness, and rescheduling with forgiveness. The contract with both rescheduling and forgiveness...

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Bibliografiske detaljer
Hovedforfatter: Husain, Aasim
Andre forfattere: Carlson, John, Zimmerman, Jeffrey
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 1997.
Serier:IMF Working Papers; Working Paper ; No. 1997/095
Online adgang:Full text available on IMF
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245 1 0 |a Debt Reduction and New Loans :   |b A Contracting Perspective /  |c Aasim Husain, John Carlson, Jeffrey Zimmerman. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1997. 
300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a International debt contracts can incorporate-at least implicitly-contingencies governing debt reduction. This paper examines a series of debt contracts that allow for the possibility of rescheduling, forgiveness, and rescheduling with forgiveness. The contract with both rescheduling and forgiveness permits a higher credit ceiling than other types of debt contracts, and contains features found in the HIPC and other recent debt reduction initiatives. If an adverse state of nature occurs, some of the debt is forgiven, a portion is rescheduled, and the remainder is repaid. At the same time, the debtor country is a net recipient of new loans. 
538 |a Mode of access: Internet 
700 1 |a Carlson, John. 
700 1 |a Zimmerman, Jeffrey. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1997/095 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1997/095/001.1997.issue-095-en.xml  |z IMF e-Library