Haircuts : Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005

Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005

Haircuts : Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005
This paper estimates bond-by-bond "haircuts"-realized investor losses-in recent debt restructurings in Russia, Ukraine, Pakistan, Ecuador, Argentina, and Uruguay. We consider both external and domestic retructurings. Haircuts are computed as the percentage difference between the present values of old and new instruments, discounted at the yield READ MORE...

Publication date: July 2005
ISBN 9781451861563
$15.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: July 2005

PDF

Publication date: July 2005

ePub

Publication date: July 2005

Mobi

Publication date: July 2005

English
--