Mexico's External Debt and the Return to Voluntary Capital Market Financing /

The paper analyzes the evolution of Mexico's approach to commercial bank debt restructuring since the outbreak of the 1982 debt servicing problems. It discusses the key elements of the approach, their implementation, and their interaction with developments in the 'international debt strate...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: El-Erian, Mohamed
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1991.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1991/083
Online Zugang:Full text available on IMF
Beschreibung
Zusammenfassung:The paper analyzes the evolution of Mexico's approach to commercial bank debt restructuring since the outbreak of the 1982 debt servicing problems. It discusses the key elements of the approach, their implementation, and their interaction with developments in the 'international debt strategy.' It focusses, in particular, on factors contributing to the emergence of comprehensive market-based debt and debt service reduction operations. Together with the sustained implementation of appropriate economic policies, these operations have contributed to Mexico's return to voluntary international capital market financing. The paper discusses the major aspects of this market re-entry process.
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Beschreibung:1 online resource (60 pages)
Format:Mode of access: Internet
ISSN:1018-5941
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