Much of the theoretical and academic literature on LDC debt restructuring has concentrated on analyzing the problem from the lenders' perspective. This paper seeks to identify and analyze factors influencing the value of a rescheduled loan, from the perspective of an LDC borrower, within a simple partial equilibrium present-value framework, basically taking the bargaining/negotiating process as being exogenous to our analysis. While the approach has...
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INFORMATION
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1987/05/31
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Document de travail départemental
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CPD8714
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1
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1
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2017/11/15
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Disclosed
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Present value analysis of commercial bank debt restructuring
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