Debt Relief and Leveraged Buy-Outs.

Analyses of debt relief that focus on the behavior of debtors and existing creditors understate the incentives for collective action by creditors. It is well known that debt relief could benefit existing creditors by providing incentives for domestic investment by residents of debtor countries. It i...

詳細記述

書誌詳細
団体著者: International Monetary Fund
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 1988.
シリーズ:IMF Working Papers; Working Paper ; No. 1988/103
主題:
オンライン・アクセス:Full text available on IMF
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245 1 0 |a Debt Relief and Leveraged Buy-Outs. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1988. 
300 |a 1 online resource (6 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 Analyses of debt relief that focus on the behavior of debtors and existing creditors understate the incentives for collective action by creditors. It is well known that debt relief could benefit existing creditors by providing incentives for domestic investment by residents of debtor countries. It is argued here that relief could also make available additional profit opportunities to international investors. Under these circumstances, arrangements that would allow international investors to capture economic profits would make a leveraged buy-out of existing creditors, followed by relief, a profitable strategy for any investor or group of investors that could act collectively. 
538 |a Mode of access: Internet 
650 7 |a Buy-Out Specialist  |2 imf 
650 7 |a Buy-Out  |2 imf 
650 7 |a Debtor Country  |2 imf 
650 7 |a Leveraged Buy-Out  |2 imf 
650 7 |a WP  |2 imf 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1988/103 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1988/103/001.1988.issue-103-en.xml  |z IMF e-Library