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We develop a formula for the market value of debt when the borrower's repayment capacity varies...

An approach is presented for analyzing debt-for-debt exchanges from the perspective of the...

The aim of this paper is to construct a comprehensive and consistent dataset to analyze the...

The purpose of this paper is to develop a model framework for the analysis of interactions...

Barring the realization of downside risks to the global economy, growth in the Asia and the...

This study discusses the importance of export credits, their recent growth, and the trend toward...