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Sovereign Debt Restructurings In Belize

Sovereign Debt Restructurings in Belize PDF
Author: Mr.Tamon Asonuma
Publisher: International Monetary Fund
ISBN: 1498369510
Size: 15.73 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 28
View: 6723

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This paper examines the causes, processes, and outcomes of the two Belize sovereign debt restructurings in 2006–07 and in 2012–13 that occurred outside of an IMF-supported program. It finds that the motivation for the two debt restructurings differed, as the former was driven by external liquidity concerns while the latter was motivated by a substantial increase in the coupon rates and future fiscal solvency concerns. Despite differential treatment between residents and non-residents, both 2006–07 and 2012–13 debt exchanges were executed through collaborative engagement, due in part to the existence of a broad-based creditor committee and the authorities’ effective communication strategy. However, while providing temporary liquidity relief, neither of the debt restructurings properly addressed long-term debt sustainability concerns. Going forward, the success of the 2012–13 debt restructuring will still depend on the country’s ability to strengthen fiscal efforts and public debt management framework.

Sovereign Debt Restructurings In Belize Achievements And Challenges Ahead

Sovereign Debt Restructurings in Belize  Achievements and Challenges Ahead PDF
Author: Mr. Tamon Asonuma
Publisher: International Monetary Fund
ISBN: 1484350278
Size: 62.35 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 28
View: 233

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This paper examines the causes, processes, and outcomes of the two Belize sovereign debt restructurings in 2006–07 and in 2012–13 that occurred outside of an IMF-supported program. It finds that the motivation for the two debt restructurings differed, as the former was driven by external liquidity concerns while the latter was motivated by a substantial increase in the coupon rates and future fiscal solvency concerns. Despite differential treatment between residents and non-residents, both 2006–07 and 2012–13 debt exchanges were executed through collaborative engagement, due in part to the existence of a broad-based creditor committee and the authorities’ effective communication strategy. However, while providing temporary liquidity relief, neither of the debt restructurings properly addressed long-term debt sustainability concerns. Going forward, the success of the 2012–13 debt restructuring will still depend on the country’s ability to strengthen fiscal efforts and public debt management framework.

Unleashing Growth And Strengthening Resilience In The Caribbean

Unleashing Growth and Strengthening Resilience in the Caribbean PDF
Author: Mr.Krishna Srinivasan
Publisher: International Monetary Fund
ISBN: 1484315197
Size: 52.35 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 378
View: 5449

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This book provides a diagnosis of the central economic and financial challenges facing Caribbean policymakers and offers broad policy recommendations for promoting a sustained and inclusive increase in economic well-being. The analysis highlights the need for Caribbean economies to make a concerted effort to break the feedback loops between weak macroeconomic fundamentals, notably pertaining to fiscal positions and financial sector strains, and structural impediments, such as high electricity costs, limited financial deepening, violent crime, and brain drain, which have depressed private investment and growth. A recurring theme in the book is the need for greater regional coordination in finding solutions to address the Caribbean’s shared and intertwined macroeconomic and structural challenges. The analysis suggests that strengthening regional and global market integration of Caribbean economies would provide an impetus to sustained growth in incomes and jobs. Greater regional and global economic integration would also facilitate structural transformation and a shift toward new economic activities, resulting in more diversified and less vulnerable economies. A central challenge for the Caribbean is thus to come together as a region, overcome the limitations posed by size, and garner the benefits of globalization. Efforts should build on existing regional arrangements; accelerating progress in implementing these agreements would stimulate trade. Policymakers could also promote deeper integration with Latin America and the rest of the world by pursuing new trade agreements, leveraging current agreements more effectively, or deepening them to include areas beyond traditional trade issues, and developing port and transport infrastructure.

Imf Research Bulletin September 2014

IMF Research Bulletin  September 2014 PDF
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1498340040
Size: 53.59 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 18
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This issue of the IMF Research Bulletin opens with a letter from the new editor, Rabah Arezki. The Research Summaries are a "Primer on 'Global Liquidity'" (Eugenio Cerutti, Stijn Claessens, and Lev Ratnovski); and "Trade Integration adn Business Cycle Synchronization" (Kevin Cheng, Romain Duval, and Dulani Senevirante). The Q&A column looks at "Seven Questions on the Global Housing Markets" (Hites Ahir, Heedon Kang, and Prakash Loungani). September 2014 issue of the Bulletin also includes updates on IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore, as well as special announcements on new staff publications and the Fifteenth Annual Jacques Polak Research Conference. Also included is information on the latest issue of “IMF Economic Review” with a link to an article by Paul Krugman.

Dieses Mal Ist Alles Anders

Dieses Mal ist alles anders PDF
Author: Kenneth S. Rogoff
Publisher: FinanzBuch Verlag
ISBN: 3960927800
Size: 21.29 MB
Format: PDF, Docs
Category : Business & Economics
Languages : de
Pages : 528
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Dieses Mal ist alles anders, dieses Mal kann es gar nicht so schlimm werden wie beim letzten Mal. Denn dieses Mal steht die Wirtschaft auf soliden Füßen und außerdem gibt es diesmal viel bessere Kontrollmechanismen als beim letzten Mal. Wann immer es in der Geschichte der Menschheit zu Krisen kam, diese oder ähnliche Sätze waren jedes Mal zu hören. Doch was ist dran an derartigen Behauptungen? Nicht besonders viel, haben Kenneth Rogoff und Carmen Reinhart herausgefunden. In akribischer Arbeit haben die beiden Autoren die Finanzkrisen der letzen acht Jahrhunderte in über 66 Ländern analysiert. In sechs Abschnitten stellen Reinhart und Rogoff ihre Untersuchungsergebnisse vor, beginnend bei den zugrundeliegenden theoretischen Ansätzen. Darauf basieren die folgenden Kapitel, in denen Auslands- und Inlandsschuldenkrisen sowie Bankenkrisen abgehandelt werden. Der vierte Abschnitt widmet sich dann auch der US-Subprimekrise und zeigt eindrucksvoll die Parallelen zu den vorhergegangenen Kapiteln. Zum Schluss ziehen die beiden Autoren die Lehren aus ihrer Untersuchung und kommen zu dem Ergebnis: Es ist dieses Mal eben doch nicht anders.

International Monetary Fund Annual Report 2019

International Monetary Fund Annual Report 2019 PDF
Author: International Monetary Fund. Secretary's Department
Publisher: International Monetary Fund
ISBN: 1498321615
Size: 39.33 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : de
Pages :
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International Monetary Fund Annual Report 2019.

Staatsbankrott Und Private Gl Ubiger

Staatsbankrott und private Gl  ubiger PDF
Author: Matthias Julian Müller
Publisher:
ISBN: 9783848722723
Size: 77.54 MB
Format: PDF, Docs
Category :
Languages : en
Pages : 435
View: 5555

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The global financial crisis introduced the notion of state bankruptcy to the European Union. Whilst a reform of the international financial architecture (particularly a sovereign debt restructuring mechanism) has not yet been realized, the EU and the member states whose currency is the Euro reacted to the crisis, installed a permanent crisis mechanism, and facilitated the introduction of collective action clauses into the member states' state bonds. Against the background of Argentina's unprecedented default in 2002 and the current crisis of Greece, the present book captures and systematizes the existing legal framework and provides a detailed mapping of the relevant territory (national laws, EU-law, foreign exchange, investment protection, public international law). Particular emphasis is placed on the quest for shared and common values as well as solutions for future sovereign debt crises.