A VALUATION FORMULA FOR LDC DEBT

被引：9
|
作者：
COHEN, D
机构：
[1] CEPREMAP, 140 rue du Chevaleret, Paris 75013, France
来源：
JOURNAL OF INTERNATIONAL ECONOMICS | 1993年 / 34卷 / 1-2期
关键词：
D O I：
10.1016/0022-1996(93)90072-6
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper gives a valuation formula for LDC debt which is used to assess: (1) the price at which a buy-back of the debt is advantageous to the country; (2) the value to the creditors of having the flows of payment guaranteed against the extrinsic stochastic disturbances faced by the country; and (3) the trade-off between growth of payments and levels of payments. We finally offer an assessment of the Mexican agreement reached early in 1990.
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页码：167 / 180
页数：14
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