Documents et rapports
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Interest rates, growth, and external debt : the macroeconomic impact of Mexico's Brady deal (anglais)
Interest rates fell sharply after Mexico's Brady deal, and private investment and growth recovered. The authors show that the main benefit of debt relief was not to lower expected payments but to reduce...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS1147 Date du document: 30 juin 1993 Auteur: Claessens,Constantijn A.,Oks,Daniel Fernando,Van Wijnbergen,Sweder
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Stabilization and growth recovery in Mexico : lessons and dilemmas (anglais)
Before 1988, "orthodox" policies (fiscal discipline and tight money) failed to bring inflation down and induce a sustained economic recovery. The Mexican stabilization plan announced in December 1987 (the...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS833 Date du document: 31 janvier 1992 Auteur: Oks,Daniel Fernando
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Devaluation expectations and interest rates in Mexico : the role of domestic debt management (anglais)
A key factor behind high real interest rates during the recent Mexican stabilization plan was the initially low credibility about the fixed, and later on preannounced, exchange rate. While it is difficult...
Type de document: Document de synthèse interne Numéro du rapport: IDP98 Date du document: 31 mai 1991 Mode de publication: Disclosed Auteur: Oks,Daniel Fernando
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Portfolio effects of debt-equity swaps and debt exchanges with some applications to Latin America (anglais)
Voluntary debt reduction schemes (VDR), such as debt-equity swaps (DES) or collateralized debt conversions (CDC), are bound to play a relevant role in the foreign debt strategy of highly indebted countries...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS450 Date du document: 30 juin 1990 Auteur: Oks,Daniel Fernando
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Wealth effects of voluntary debt reduction in Latin America (anglais)
This paper formulates a multisectoral accounting framework to assess the potential effects on perceived private wealth of alternative schemes for voluntary debt reduction. Swaps of private equity for public...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS391 Date du document: 30 avril 1990 Auteur: Oks,Daniel Fernando