Search Results - subject:"Maturity structure"

Family firm governance and financial policy choices in newly public firms

Jain, Bharat A.; Shao, Yingying - In: Corporate governance : an international review 23 (2015) 5, pp. 452-468

Persistent link: https://www.econbiz.de/10011406518

Niepelt, Dirk - 2008

I analyze how lack of commitment affects the maturity structure of sovereign debt. Governments balance benefits of …-term debt affects default and rollover decisions by subsequent policy makers. The equilibrium maturity structure is shaped by … maturity structure with positive gross positions and a shortening of the maturity structure when debt issuance is high, output …

Persistent link: https://www.econbiz.de/10010264518

Debt Maturity without Commitment

Niepelt, Dirk - 2008

I analyze how lack of commitment affects the maturity structure of sovereign debt. Governments balance benefits of …- term debt affects default and rollover decisions by subsequent policy makers. The equilibrium maturity structure is shaped … interior maturity structure with positive gross positions and a shortening of the maturity structure when debt issuance is high …

Persistent link: https://www.econbiz.de/10011430074

Debt Maturity without Commitment

Niepelt, Dirk - CESifo - 2008

Persistent link: https://www.econbiz.de/10005765691

A Simple Stochastic Approach to Debt Sustainability Applied to Lebanon

Gardner, E. H.; Giovanni, Julian di - International Monetary Fund (IMF) - 2008

This paper applies a simple probabilistic approach to debt sustainability analysis to the case of Lebanon. The paper derives "fan charts" to depict the probability distribution of the government debt to GDP ratio under a medium-term adjustment scenario, as a result of shocks to GDP growth and...

Persistent link: https://www.econbiz.de/10005599375

A Risk-Based Debt Sustainability Framework; Incorporating Balance Sheets and Uncertainty

Gray, Dale F.; Loukoianova, Elena; Malone, Samuel W.; … - International Monetary Fund (IMF) - 2008

This paper proposes a new framework for the analysis of public sector debt sustainability. The framework uses concepts and methods from modern practice of contingent claims to develop a quantitative risk-based model of sovereign credit risk. The motivation in developing this framework is to...

Persistent link: https://www.econbiz.de/10005605043

Impact of Macroeconomic, Political, and Institutional Factorson the Structure of Government Debt in Emerging Market Countries

Guscina, Anastasia - International Monetary Fund (IMF) - 2008

Debt crises that have shaken Latin America, Asia, and Russia have brought an increasing attention to the structure of debt in emerging market countries. Using the newly released Jeanne-Guscina EM Government Debt Database 2006 this paper empirically explores the role of macroeconomic, political,...

Persistent link: https://www.econbiz.de/10005825767

In Search of a Theory of Debt Management

Marcet, Albert; Faraglia, Elisa; Scott, Andrew - Departament d'Economia i Història Econòmica, … - 2008

A growing literature integrates theories of debt management into models of optimal fiscal policy. One promising theory argues that the composition of government debt should be chosen so that fluctuations in the market value of debt offset changes in expected future deficits. This complete market...

Persistent link: https://www.econbiz.de/10005168476

Georgia; Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia

International Monetary Fund (IMF); International … - 2008

This paper examines Georgiaâ€™s request for an 18-month arrangement for SDR 477.1 million, equivalent to about US$750 million, which would constitute exceptional access. IMF support to the governmentâ€™s macroeconomic policies is intended to provide the needed financing to rebuild...

Persistent link: https://www.econbiz.de/10011244842

Debt maturity without commitment

Niepelt, Dirk - 2008

I analyze how lack of commitment affects the maturity structure of sovereign debt. Governments balance benefits of …- term debt affects default and rollover decisions by subsequent policy makers. The equilibrium maturity structure is shaped … interior maturity structure with positive gross positions and a shortening of the maturity structure when debt issuance is high …

Persistent link: https://www.econbiz.de/10003882305