Trade Dependency Bargaining And External Debt

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Trade Dependency Bargaining And External Debt

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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1988-10-17

Trade Dependency Bargaining And External Debt written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988-10-17 with Business & Economics categories.

This paper analyzes the factors determining the payment on outstanding debt in the presence of partial defaults, and the feasibility of renewed investment. We show that a higher relative size of sectors with lower substitutability between domestic and foreign products will increase the resource transfer ceiling. Even with a partial default, investment in highly trade dependent sectors with high productivity may be warranted. This investment can be implemented by a marginal relief of the present debt service, in exchange for investment in the proper sector. A way to partially overcome some of the monitoring problems associated with renewed investment is through direct investment.

Trade Dependency Bargaining And External Debt

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Author :
language : en
Publisher:
Release Date : 1991

Trade Dependency Bargaining And External Debt written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with categories.

This paper analyzes the factors determining the effective payment on outstanding debt in the presence of partial defaults, and the feasibility of renewed investment. We show that the bargaining outcome, which determines the repayment, is dictated by the trade dependency, as measured by the substitutability of domestic and foreign products. A higher relative size of sectors with lower substitutability between domestic and foreign products will increase the trade dependency of the nation, reducing its bargaining power arid thereby increasing the resource transfer ceiling. The resultant increase in the ceiling makes the nation less risky, increasing the willingness of creditors to lend. Thus, while a strategy of outward growth has the cost of increasing trade dependency, it has the benefit of increasing the availability of external finance. Even with a partial default, investment in highly trade dependent sectors with high productivity may be warranted. This investment can be implemented by a marginal relief of the present debt service, in exchange for investment in the proper sector. Following such a scheme may require a detailed conditionality as well as careful monitoring. A way to partially overcome some of the monitoring problems is through direct investment.

Trade Dependency Bargaining And External Debt

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Author :
language : en
Publisher:
Release Date : 1988

Trade Dependency Bargaining And External Debt written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.

Trade Dependency Bargaining And External Debt

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Author : Joshua Aizenman
language : en
Publisher:
Release Date : 1988

Trade Dependency Bargaining And External Debt written by Joshua Aizenman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Debts, External categories.

This paper analyzes the factors determining the effective payment on outstanding debt in the presence of partial defaults, and the feasibility of renewed investment. We show that the bargaining outcome, which determines the repayment, is dictated by the trade dependency, as measured by the substitutability of domestic and foreign products. A higher relative size of sectors with lower substitutability between domestic and foreign products will increase the trade dependency of the nation, reducing its bargaining power arid thereby increasing the resource transfer ceiling. The resultant increase in the ceiling makes the nation less risky, increasing the willingness of creditors to lend. Thus, while a strategy of outward growth has the cost of increasing trade dependency, it has the benefit of increasing the availability of external finance. Even with a partial default, investment in highly trade dependent sectors with high productivity may be warranted. This investment can be implemented by a marginal relief of the present debt service, in exchange for investment in the proper sector. Following such a scheme may require a detailed conditionality as well as careful monitoring. A way to partially overcome some of the monitoring problems is through direct investment.

External Debt Statistics

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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2003-06-25

External Debt Statistics written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-06-25 with Business & Economics categories.

This Guide provides clear, up-to-date guidance on the concepts, definitions, and classifications of the gross external debt of the public and private sectors, and on the sources, compilation techniques, and analytical uses of these data. The Guide supersedes the previous international guidance on external debt statistics available in External Debt: Definition, Statistical Coverage, and Methodology (known as the Gray Book), 1988. The Guides conceptual framework derives from the System of National Accounts 1993 and the fifth edition of the IMFs Balance of Payments Manual(1993). Preparation of the Guide was undertaken by an Inter-Agency Task Force on Finance Statistics, chaired by the IMF and involving representatives from the BIS, the Commonwealth Secretariat, the European Central Bank, Eurostat, the OECD, the Paris Club Secretariat, UNCTAD, and the World Bank.

Sovereign Debt Crises

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Author : Juan Pablo Bohoslavsky
language : en
Publisher: Cambridge University Press
Release Date : 2017-11-02

Sovereign Debt Crises written by Juan Pablo Bohoslavsky and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-02 with Business & Economics categories.

Contributes to a better understanding of the policy, economic, and legal options of countries struggling with debt problems.

Negotiating Free Trade Agreements

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Author : Walter Goode
language : en
Publisher:
Release Date : 2009

Negotiating Free Trade Agreements written by Walter Goode and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Australia categories.

Strategic Investment In A Debt Bargaining Framework

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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1989-07-12

Strategic Investment In A Debt Bargaining Framework written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-07-12 with Business & Economics categories.

This paper analyzes the strategic role of investment from a debtor country’s perspective. The framework is one in which, if the debtor country is unable to meet debt obligations, a bargaining regime determines the amount of debt repayment. In the context of a two-country real trade model, debt repayment is equal to the trade surplus of the debtor. The outcome of the bargaining game will therefore be dependent (among other things) on the level of production in the debtor country. In this framework, the paper shows that productive investment may increase or decrease the bargaining power of the debtor country. This ambiguity appears to be fairly robust.

External Finance And Foreign Debt In Central And Eastern European Countries

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Author : Stefano Manzocchi
language : en
Publisher: International Monetary Fund
Release Date : 1997-10-01

External Finance And Foreign Debt In Central And Eastern European Countries written by Stefano Manzocchi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-10-01 with Business & Economics categories.

External finance can provide a positive contribution to the transition process and can enhance welfare in former centrally planned economies, especially when domestic saving has not fully recovered after the initial contraction. However, as was pointed out at the beginning of the transition process, foreign debt could exert a strong constraint on the borrowing capacity of some central and eastern European countries. This paper analyzes the determinants of net external borrowing in ten transition economies during 1990-95 and assesses the impact of the outstanding stock of foreign liabilities on net financial inflows.

Macroeconomics For Professionals

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Author : Leslie Lipschitz
language : en
Publisher: Cambridge University Press
Release Date : 2019-01-23

Macroeconomics For Professionals written by Leslie Lipschitz and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-23 with Business & Economics categories.

Understanding macroeconomic developments and policies in the twenty-first century is daunting: policy-makers face the combined challenges of supporting economic activity and employment, keeping inflation low and risks of financial crises at bay, and navigating the ever-tighter linkages of globalization. Many professionals face demands to evaluate the implications of developments and policies for their business, financial, or public policy decisions. Macroeconomics for Professionals provides a concise, rigorous, yet intuitive framework for assessing a country's macroeconomic outlook and policies. Drawing on years of experience at the International Monetary Fund, Leslie Lipschitz and Susan Schadler have created an operating manual for professional applied economists and all those required to evaluate economic analysis.