NBER WORKING PAPER SERIES EMPIRE, PUBLIC GOODS, AND THE ROOSEVELT COROLLARY
... produce global public goods.8 In this paper, we focus on the connection between the announcement of the Roosevelt Corollary, the reaction to this policy in British financial markets, and the subsequent expansion of U.S. hegemony in Latin America. We assess how the Corollary permitted the U.S. to ext ...
... produce global public goods.8 In this paper, we focus on the connection between the announcement of the Roosevelt Corollary, the reaction to this policy in British financial markets, and the subsequent expansion of U.S. hegemony in Latin America. We assess how the Corollary permitted the U.S. to ext ...
LDC Debt Policy
... debt strategy of the previous two and a half years rather than a fundamental departure. In October 1985, at the Seoul IMF-World Bank meeting, Treasury Secretary Baker announced a program intended to expand financing for a group of heavily indebted countries-the “Baker 15,” now a standard subcategory ...
... debt strategy of the previous two and a half years rather than a fundamental departure. In October 1985, at the Seoul IMF-World Bank meeting, Treasury Secretary Baker announced a program intended to expand financing for a group of heavily indebted countries-the “Baker 15,” now a standard subcategory ...
On the logic, fairness and legality of discriminating
... and closer to $14 billion as Argentina lost about another $4b of reserves between September and December 2001). This massive official lending and reserve loss has financed in 2001 a private capital flight of $36.3 billion. Foreign private creditors (banks and bond holders) reduced their exposure to ...
... and closer to $14 billion as Argentina lost about another $4b of reserves between September and December 2001). This massive official lending and reserve loss has financed in 2001 a private capital flight of $36.3 billion. Foreign private creditors (banks and bond holders) reduced their exposure to ...
ABCD DISCUSSION PAPER SERIES www.cepr.org
... creditors: just like private creditors, sovereign creditors may wish to borrow again in the future. Default will restrict their access to finance in the future, and/or raise the cost of doing so.6 For example, Cruces and Trebesch (2011) find that a one-standard-deviation increase in haircuts is ass ...
... creditors: just like private creditors, sovereign creditors may wish to borrow again in the future. Default will restrict their access to finance in the future, and/or raise the cost of doing so.6 For example, Cruces and Trebesch (2011) find that a one-standard-deviation increase in haircuts is ass ...
NBER VOLUNTARY WELFARE RESEARCH
... analysis is of interest in its own right, but it also provides an essential ingredient in the following evaluation of the case for voluntary debt reduction. At this stage it is sufficient to observe that (5) implies that debt reduction does not help the creditors if it depresses investment or raises ...
... analysis is of interest in its own right, but it also provides an essential ingredient in the following evaluation of the case for voluntary debt reduction. At this stage it is sufficient to observe that (5) implies that debt reduction does not help the creditors if it depresses investment or raises ...
Discussion Paper
... resort to international sources of financing to fund their investment needs. Increasingly, many of these countries are able to raise finance in international capital markets.1 However, an important share of their financing still comes in the form of official public finance, both concessional and non ...
... resort to international sources of financing to fund their investment needs. Increasingly, many of these countries are able to raise finance in international capital markets.1 However, an important share of their financing still comes in the form of official public finance, both concessional and non ...
Sovereign Debt Without Default Penalties
... see more detailed discussion of the evidence next to the extension. Third, we relax the assumption that domestic and foreign positions are common knowledge, making the bond-market “opaque” with respect to the identity of the traders. In such a setting, a Kyle-type market maker (see Kyle, 1985) uses ...
... see more detailed discussion of the evidence next to the extension. Third, we relax the assumption that domestic and foreign positions are common knowledge, making the bond-market “opaque” with respect to the identity of the traders. In such a setting, a Kyle-type market maker (see Kyle, 1985) uses ...
understanding monetary policy series no 36 public debt
... collection, open account, and commercial bank debts acquired through loans/letters of credit. Credits are in this case referred to London club debts. Nigeria’s external debt in the past few years were majorly owed to creditor countries belonging to the Paris club. It is government-to- government cre ...
... collection, open account, and commercial bank debts acquired through loans/letters of credit. Credits are in this case referred to London club debts. Nigeria’s external debt in the past few years were majorly owed to creditor countries belonging to the Paris club. It is government-to- government cre ...
The Financing and Re-financing of the War of the Spanish Succession
... that the key element was creating a large and diverse customer base for holding the government’s debt in the form of easily traded securities – in short, establishing an efficient stock market in London. We organize our supporting material by reviewing the extent and expense of the War of the Spanis ...
... that the key element was creating a large and diverse customer base for holding the government’s debt in the form of easily traded securities – in short, establishing an efficient stock market in London. We organize our supporting material by reviewing the extent and expense of the War of the Spanis ...
Preference Actions?
... negotiations with plaintiff’s counsel. Those creditors should obtain access to recent industry studies or surveys which provide a range or average of the time to pay in their industry. If creditors have that information readily available, they will be able to present it at the beginning of the negot ...
... negotiations with plaintiff’s counsel. Those creditors should obtain access to recent industry studies or surveys which provide a range or average of the time to pay in their industry. If creditors have that information readily available, they will be able to present it at the beginning of the negot ...
Debt Priority and Options in Bankruptcy: A
... Renegotiation is a central and anticipated feature of debt contracting in general, and priorities in particular. It is complicated by the fact that numerous debt contracts are interrelated and that property interests lack sufficient flexibility to resolve the problem of collective action. In particu ...
... Renegotiation is a central and anticipated feature of debt contracting in general, and priorities in particular. It is complicated by the fact that numerous debt contracts are interrelated and that property interests lack sufficient flexibility to resolve the problem of collective action. In particu ...
Debt in the eurozone - the sources and the possible consequences.
... governments could not allow the financial systems to be considerably weakened nor let the prolonged crisis lead eventually into political destabilization in the affected region (as in Latin America debt crisis). For this reason the Brady scheme, allowing for debt reduction (bail - in), was invented ...
... governments could not allow the financial systems to be considerably weakened nor let the prolonged crisis lead eventually into political destabilization in the affected region (as in Latin America debt crisis). For this reason the Brady scheme, allowing for debt reduction (bail - in), was invented ...
Comparison of household debt relative to income
... little explanation as to differences across countries. Financial reforms also influence debt growth, but occur at around the same time in many countries. The most robust explanatory factors for the relative debt level seem to be linked to household balance sheets. Factors such as the size of househo ...
... little explanation as to differences across countries. Financial reforms also influence debt growth, but occur at around the same time in many countries. The most robust explanatory factors for the relative debt level seem to be linked to household balance sheets. Factors such as the size of househo ...
November 28, 2006
... • Modigliani and Miller (1958) argued that in the absence of bankruptcy costs and tax subsidies on the payment of interest, the value of the firm is independent of the financial structure. • Modigliani and Miller later (1963) argued that the existence of tax subsidies on interest payments would caus ...
... • Modigliani and Miller (1958) argued that in the absence of bankruptcy costs and tax subsidies on the payment of interest, the value of the firm is independent of the financial structure. • Modigliani and Miller later (1963) argued that the existence of tax subsidies on interest payments would caus ...
debt indicators - Henrico County
... operating revenues. The issuance of debt normally results in a slight increase in this indicator, because in the year following the issuance of debt, the amount of debt service generally grows at a faster rate than operating revenues, however the consistency reflected above is indicative of the meti ...
... operating revenues. The issuance of debt normally results in a slight increase in this indicator, because in the year following the issuance of debt, the amount of debt service generally grows at a faster rate than operating revenues, however the consistency reflected above is indicative of the meti ...
Debt Settlement - ClearOne Advantage
... that operate for a profit. But rather than make payments to each creditor every month, the consumer makes one monthly payment to cover the total due to all creditors. If total debt is $10,000 or less, typically the ...
... that operate for a profit. But rather than make payments to each creditor every month, the consumer makes one monthly payment to cover the total due to all creditors. If total debt is $10,000 or less, typically the ...
Official PDF , 36 pages
... This framework identifies two motives for borrowing. One is to allow consumption to grow permanentlyat a differentrate than the endowment. Another is to smooth consumptionin the short run if endowmentsfluctuate. Empirically, the franework suggestswhy countries borrow after disastersthat reduce outpu ...
... This framework identifies two motives for borrowing. One is to allow consumption to grow permanentlyat a differentrate than the endowment. Another is to smooth consumptionin the short run if endowmentsfluctuate. Empirically, the franework suggestswhy countries borrow after disastersthat reduce outpu ...
Phil Cosson Senior Municipal Advisor
... – Notes (term of 10 years or less): any public purpose – Bonds (term longer than 10 years): restricted purposes ...
... – Notes (term of 10 years or less): any public purpose – Bonds (term longer than 10 years): restricted purposes ...
An independent review of the fee-charging debt management industry
... repayments. It was not uncommon, however, for the customers we interviewed to owe more than £15,000 in consumer credit debts. Evidence from the telephone survey of fee-charging debt management companies indicated that DMPs were unlikely to run for the projected duration. Most of the companies survey ...
... repayments. It was not uncommon, however, for the customers we interviewed to owe more than £15,000 in consumer credit debts. Evidence from the telephone survey of fee-charging debt management companies indicated that DMPs were unlikely to run for the projected duration. Most of the companies survey ...
zambia*s eurobond debt management
... Zambia attained the status of lower middle income country from being a highly indebted poor country, this was after the long term outstanding debts were cleared off by the international monetary fund in the year 2011, this action alone saw many countries in Southern Sahara almost debt free for the f ...
... Zambia attained the status of lower middle income country from being a highly indebted poor country, this was after the long term outstanding debts were cleared off by the international monetary fund in the year 2011, this action alone saw many countries in Southern Sahara almost debt free for the f ...
Powerpoint
... debtor into paying - Any evidence of unusual collection activity may render payments outside of the ordinary course of business, even if the days to pay are identical to pre-preference invoices Never put anything in writing that you would not want a Federal Bankruptcy Judge to see Use restructuring ...
... debtor into paying - Any evidence of unusual collection activity may render payments outside of the ordinary course of business, even if the days to pay are identical to pre-preference invoices Never put anything in writing that you would not want a Federal Bankruptcy Judge to see Use restructuring ...
public debt
... contagion (spreading) effect, this means, if one country is affected, the other countries are also affected. Thus it is advisable to have good foreign exchange reserves, so that the country does not come into contagion effect, as the investors will have confidence in the economy and may not withdraw ...
... contagion (spreading) effect, this means, if one country is affected, the other countries are also affected. Thus it is advisable to have good foreign exchange reserves, so that the country does not come into contagion effect, as the investors will have confidence in the economy and may not withdraw ...
The Importance Of Using A Debtor`s Exact Name On A
... FOR THE FILING of a financing statement to perfect a security interest against a registered organization debtor, the financing statement must provide, among other things, the name of the debtor indicated on the public record of the debtor’s jurisdiction of organization that shows the debtor to have ...
... FOR THE FILING of a financing statement to perfect a security interest against a registered organization debtor, the financing statement must provide, among other things, the name of the debtor indicated on the public record of the debtor’s jurisdiction of organization that shows the debtor to have ...
The Macroeconomic Effects of Official Debt Restructuring: Evidence
... relief by comparing episodes during the 1930s (official relief for European nations) and the 1990s (private relief for Latin American countries via the Brady Plan). Using a difference-in-difference approach to study the effects of the Brady Plan, Reinhart and Trebesch (2016) conclude that debt restr ...
... relief by comparing episodes during the 1930s (official relief for European nations) and the 1990s (private relief for Latin American countries via the Brady Plan). Using a difference-in-difference approach to study the effects of the Brady Plan, Reinhart and Trebesch (2016) conclude that debt restr ...
Impairment Of Debt and Write Off Policy – 2016/2017
... Consumer debtors (accounts receivable), long term receivables and other debtors are stated at cost, less a provision for bad debt. Significant financial difficulties of the debtor and default or delinquency in payments or all debt outstanding for more than 150 days are considered indicators to deter ...
... Consumer debtors (accounts receivable), long term receivables and other debtors are stated at cost, less a provision for bad debt. Significant financial difficulties of the debtor and default or delinquency in payments or all debt outstanding for more than 150 days are considered indicators to deter ...
Paris Club
The Paris Club (French: Club de Paris) is an informal group of officials from creditor countries whose role is to find coordinated and sustainable solutions to the payment difficulties experienced by debtor countries. As debtor countries undertake reforms to stabilize and restore their macroeconomic and financial situation, Paris Club creditors provide an appropriate debt treatment. Paris Club creditors provide debt treatments to debtor countries in the form of rescheduling, which is debt relief by postponement or, in the case of concessional rescheduling, reduction in debt service obligations during a defined period (flow treatment) or as of a set date (stock treatment).The Paris Club was created gradually from 1956, when the first negotiation between Argentina and its public creditors took place in Paris. The Paris Club treats public claims, that is to say, those due by governments of debtor countries and by the private sector, guaranteed by the public sector to Paris Club members. A similar process occurs for public debt held by private creditors in the London Club, which was organized in 1970 on the model of the Paris Club is an informal group of commercial banks meet to renegotiate the debt they hold on sovereign debtors.Creditor countries meet ten times a year in Paris for Tour d'Horizon and negotiating sessions, chaired by the Director of the General Directorate of the Treasury of the French Ministry of Finance and Public Accounts.Since 1983 and until May 2014, the Paris Club has signed more than 430 agreements covering 90 debtor countries over 583 billion of dollars.