Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings

Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings

by Julie Kozack

NOOK Book(eBook)

$6.99 $7.50 Save 7% Current price is $6.99, Original price is $7.5. You Save 7%.
Available on Compatible NOOK Devices and the free NOOK Apps.
LendMe® See Details
Want a NOOK ? Explore Now

Overview

Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings by Julie Kozack

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.

Product Details

ISBN-13: 9781452754376
Publisher: INTERNATIONAL MONETARY FUND
Publication date: 12/01/2005
Sold by: Barnes & Noble
Format: NOOK Book
File size: 948 KB

Customer Reviews

Most Helpful Customer Reviews

See All Customer Reviews