Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Policy Development and Review Department, issuing body.
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| ISBN: | 9781451955453
1451955456
1455286206
9781455286201
1452754373
9781452754376
1451975848
9781451975840
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| Notes: | "December 2005."
Includes bibliographical references (pages 26-27).
Print version record.
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| Summary: | Assessments regarding the effectiveness of sovereign debt restructurings are often summarized by comparisons of the net present value of debt service before and after the restructuring. These calculations are inherently sensitive to the choice of discount rate. This paper explores issues that arise in selecting discount rates when evaluating sovereign debt restructurings. It suggests using a range of discount rates and centering the analysis around the internal rate of return to assess whether the debt restructuring has generated net present value savings or costs to the debtor.
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| Other form: | Print version: Kozack, Julie, 1970- Considerations in the choice of the appropriate discount rate for evaluating sovereign debt restructurings. [Washington, D.C.] : International Monetary Fund, Policy Development and Review Dept., 2005
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