Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings /
Assessments regarding the effectiveness of sovereign debt restructurings are often summarized by comparisons of the net present value of debt service before and after the restructuring. These calculations are inherently sensitive to the choice of discount rate. This paper explores issues that arise...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Series: | IMF Policy Discussion Papers; Policy Discussion Paper ;
No. 2005/009 |
| Online Access: | Full text available on IMF |