What people are saying - Write a review
We haven't found any reviews in the usual places.
Macroeconomic Effects of Debt and DebtService
Reducing Debt and Interest Rates Through Debt
Effect of Debt Reduction on Market Prices
Other editions - View all
$100 Principal actual interest payments amount of debt assumption auction price benefactor billion binomial distribution cash buy-back cash value contractual debt contractual interest rate contractual value Cost of Guaranteeing coupon payment credit enhancement creditors Debt Exchanges debt issue debt or debt-service debt price debt-service payments debt-service reduction debtor country domestic effects of debt equation equivalent European Monetary System example exchange discount exchange rate existing debt expected present value export external debt face value forgiveness funds gamma distribution guarantor interest guarantees interest or principal International Monetary Fund investment investors LIBOR 10.0 percent market discount market price market value menu items Monetary non-par exchange old debt parameters payments in period payoffs price of debt price of old principal guarantee principal payments private debt probability density probability distribution ratio restructuring risk premium spread 1.0 percent Stochastic Independence Thomas Mayer tion U.S. dollars uniform distribution value of debt variable zero-coupon bonds