Financial Innovations in International Debt Management : An Institutional Analysis

1. Introduction -- 1.1. Subject and Purpose of Inquiry -- 1.2. Course of Inquiry -- 2. An Analytical Framework for an Efficiency Assessment of Innovations in International Debt Management -- 2.1. Terminological and Conceptual Prolegomena -- 2.2. Transaction Costs -- 2.3. Causes for the Emergence of Transaction Costs in International Debt Management -- 2.4. Transaction Risks -- 2.5. Summary -- 3. The Evolution of Innovations in International Debt Management -- 3.1. The International Debt Crisis -- 3.2. Institutional Background of Innovations in International Debt Management -- 3.3. Recent Innovations -- 4. Institutional Determinants of Innovations in International Debt Management -- 4.1. Sector-Specific Regulatory Determinants in the United States of America -- 4.2. Sector-Specific Regulatory Determinants in the Federal Republic of Germany -- 4.3. Comparison -- 4.4. Firm-Specific Determinants -- 4.5. International Political Determinants -- 5. Efficiency Analysis of Innovations in International Debt Management -- 5.1. Secondary Market Transactions -- 5.2. Debt Equity Swaps -- 5.3. Other Debt Reduction Modes -- 5.4. Summary -- 6. Conclusions -- References.