Sovereign Debt Buybacks Can Bargaining Costs (Classic Reprint)

January 18, 2019|
Sovereign Debt Buybacks Can Bargaining Costs (Classic Reprint) by Julio Rotemberg
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Excerpt from Sovereign Debt Buybacks Can Bargaining Costs

Highly indebted countries and their creditor banks have experimented with numerous approaches to ameliorate the LDC Debt Crisis. One rather popular approach is to have the country repurchase its debt at its current market price. Since the debt currently trades below par, countries pay less than they would if they actually honored their debts. The repurchase, or buyback, recognizes that the debts are very unlikely to be paid in full.

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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Title:Sovereign Debt Buybacks Can Bargaining Costs (Classic Reprint)
Format:Paperback
Dimensions:38 pages, 9 X 6 X 0.08 in
Published:January 18, 2019
Publisher:1KG Limited
Language:English
Appropriate for ages:All ages
ISBN - 13:9781332282401

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