Valuation of Menu items in Debt Restructuring.

This paper outlines a procedure for calculating the cash value of 'menu items' in debt restructuring proposals, including par and non-par exchanges, with enhancements consisting of either interest or principal guarantees. It is argued that under certain plausible assumptions interest and p...

Full beskrivning

Bibliografiska uppgifter
Institutionell upphovsman: International Monetary Fund
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 1989.
Serie:IMF Working Papers; Working Paper ; No. 1989/069
Länkar:Full text available on IMF