A dynamic model of buy-backs /

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Bibliographic Details
Author / Creator:	Dooley, Michael P. (Economist), author.
Imprint:	[Washington, D.C.] : International Monetary Fund, Research Department, 1989.
Description:	1 online resource (iii, 14 pages) : illustrations.
Language:	English
Series:	IMF working paper ; WP/89/56 IMF working paper ; WP/89/56.
Subject:	Debts, External -- Econometric models. Debts, External -- Developing countries. Balance of payments -- Developing countries. Debts, External -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12499632

Hidden Bibliographic Details
Other authors / contributors:	Symansky, Steven A., author. Tryon, Ralph W., author. International Monetary Fund, issuing body.
ISBN:	145523625X 9781455236251
Notes:	"July 12, 1989." Includes bibliographical references (page 14). Online resource; title from PDF title page (IMF, viewed August 27, 2014).
Summary:	A dynamic framework is utilized to evaluate buybacks of a country's external debt. The model solves for the price of debt on the basis of expectations concerning the debtor's ability to pay, and upon a variety of assumptions concerning changes in property rights consistent with various debt reduction programs. The importance of these assumptions is illustrated in simulations that relate debt reduction to a conventional balance of payments projection.
Other form:	Print version: Dooley, Michael P. Dynamic model of buy-backs. [Washington, D.C.] : International Monetary Fund, Research Dept., 1989

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