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Conference Paper
Debt, financial stability, and public policy : a symposium, Jackson Hole, Wyoming, August 27-29, 1986
anonymous (1986)
Proceedings - Economic Policy Symposium - Jackson Hole

Report
Loan swaps and the LDC debt problem
Remolona, Eli M.; Roberts, David L. (1986)
Research Paper , Paper 8615

Working Paper
\"Burden sharing\" in sovereign debt reduction
Spiegel, Mark M. (1994)
We examine a concerted debt reduction deal between a sovereign debtor, a private creditor, and an official creditor, who insures the deposits of the commercial bank. Our results show that a weakening of the financial position of the commercial bank reduces the contribution of the commercial bank and increases that of the official creditor, without affecting the net terms faced by the debtor. This result is robust to changes in seniority. Moreover, leaving both creditor values unchanged requires that commercial banks retire debt at "unfairly" high prices, while official creditors make a net ...
Working Papers in Applied Economic Theory , Paper 94-18

Journal Article
International debt management
Cheng, Hang-Sheng (1983)
FRBSF Economic Letter

Working Paper
Maturity, indebtedness, and default risk
Eyigungor, Burcu; Chatterjee, Satyajit (2011)
In this paper, the authors advance the theory and computation of Eaton-Gersovitz style models of sovereign debt by incorporating long-term debt and proving the existence of an equilibrium price function with the property that the interest rate on debt is increasing in the amount borrowed and implementing a novel method of computing the equilibrium accurately. Using Argentina as a test case, they show that incorporating long-term debt allows the model to match the average external debt-to-output ratio, average spread on external debt, the standard deviation of spreads and simultaneously ...
Working Papers , Paper 11-33

Journal Article
The debt problem: evolution and prospects
Moreno, Ramon (1985)
FRBSF Economic Letter

Journal Article
Saving imbalances and the euro area sovereign debt crisis
Klitgaard, Thomas; Higgins, Matthew (2011-09)
For several years prior to 2010, countries in the euro area periphery engaged in heavy borrowing from foreign private investors, allowing domestic spending to outpace incomes. Now these countries face debt crises reflecting a loss of investor confidence in the sustainability of their finances. The result has been an abrupt halt in private foreign lending to these economies. This study explains how the periphery countries became dependent on foreign borrowing and considers the challenges they face reigniting growth while adjusting to greatly reduced access to foreign capital.
Current Issues in Economics and Finance , Volume 17 , Issue Sept

Journal Article
LDC debt swaps
Moreno, Ramon (1987)
FRBSF Economic Letter

Report
Perspectives on U.S. external deficits
Akhtar, M. A. (1995)
The paper examines the evolution of U.S. external balances since 1980 and considers various explanations for the persistence of external deficits in the late 1980s and the 1990s. It also offers a general assessment of the medium-term prospects for U.S. current account deficits. The review of evidence indicates that the huge increase in U.S. external deficits over 1980-86 was largely driven by an upward shift in Federal fiscal deficits and that lower Federal deficits together with the dollar depreciation played a crucial role in improving external balances during the second half of the 1980s. ...
Research Paper , Paper 9505

Journal Article
Reducing international imbalances in an interdependent world
Corrigan, E. Gerald (1986-04)
Quarterly Review , Volume 11 , Issue Spr , Pages 1-5

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