Search Results - subject:"NET PRESENT VALUE"

Republic of Congo; Enhanced Heavily Indebted Poor Countries (HIPC) Initiative: Preliminary Document

International Monetary Fund (IMF); International … - 2005

This paper reviews the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative of the Republic of Congo. Emerging from a conflict situation, and starting from a low base, Congo has made significant progress in implementing financial and structural reforms, but large challenges remain. The...

Persistent link: https://www.econbiz.de/10005598961

Chad; Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Additional Interim Assistance Under the Enhanced HIPC Initiativeâ€”Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Chad

International Monetary Fund (IMF); International … - 2005

This paper analyzes requests from Chad authorities for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Additional Interim Assistance Under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The authorities made progress in implementing structural...

Persistent link: https://www.econbiz.de/10005598985

Pricing Growth-Indexed Bonds

Mauro, Paolo; Chamon, Marcos - International Monetary Fund (IMF) - 2005

Growth-indexed bonds have been suggested as a way of reducing the procyclicality of emerging-market countries' fiscal policies and the likelihood of costly debt crises. Investor attitude surveys suggest that pricing difficulties are seen as a considerable obstacle. In an effort to reduce such...

Persistent link: https://www.econbiz.de/10005599424

Debt Overhang or Debt Irrelevance? Revisiting the Debt Growth Link

Cordella, Tito; Ricci, Luca Antonio; Ruiz-Arranz, Marta - International Monetary Fund (IMF) - 2005

Do Highly Indebted Poor Countries (HIPCs) suffer from a debt overhang? Is debt relief going to improve their growth rates? To answer these important questions, we look at how the debt-growth relationship varies with indebtedness levels and other country characteristics in a panel of developing...

Persistent link: https://www.econbiz.de/10005604811

Economic profit, NPV, and CAPM: Biases and violations of Modigliani and Miller's Proposition I

Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2005

The notion of Net Present Value (NPV) is thought to formally translate the notion of economic profit, where the …

Persistent link: https://www.econbiz.de/10005616790

Firm Value and the mis-use of the CAPM for valuation and decision making

Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2005

This paper shows that a decision maker using the CAPM for valuing firms and making decisions may contradict Modigliani and Miller’s Proposition I, if he adopts the widely-accepted disequilibrium NPV. As a consequence, CAPM-minded agents employing this NPV are open to arbitrage losses and miss...

Persistent link: https://www.econbiz.de/10005617129

Sierra Leone; Ex Post Assessment of Longer-Term Program Engagement

International Monetary Fund (IMF); International … - 2005

This paper presents an Ex Post Assessment of Longer-Term Program Engagement for Sierra Leone. Sierra Leone has had almost continuous involvement with IMF programs since 1994 under a variety of arrangements. All the IMF-supported programs in Sierra Leone during 1994â€“2004 had the same...

Persistent link: https://www.econbiz.de/10005824988

Honduras; Enhanced Initiative for Heavily Indebted Poor Countries Completion Point Document

International Monetary Fund (IMF); International … - 2005

The paper discusses the consideration of Hondurasâ€™s Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). The interim relief provided under the enhanced HIPC Initiative has allowed the government to increase social spending. Controlling the public sector wage bill and...

Persistent link: https://www.econbiz.de/10005825427

Haircuts; Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005

Zettelmeyer, Jeromin; Sturzenegger, Federico - International Monetary Fund (IMF) - 2005

This paper estimates bond-by-bond "haircuts"-realized investor losses-in recent debt restructurings in Russia, Ukraine, Pakistan, Ecuador, Argentina, and Uruguay. We consider both external and domestic retructurings. Haircuts are computed as the percentage difference between the present values...

Persistent link: https://www.econbiz.de/10005825806

Setting the holding cost rates in a multi-product system with remanufacturing

CorbacÄ±oÄŸlu, U.; Laan, E.A. van der - Erasmus Research Institute of Management (ERIM), ERIM … - 2005

The Net Present Value (NPV) approach is considered to be the right approach to study inventory and production systems … INSTITUTE OF MANAGEMENT REPORT SERIES RESEARCH IN MANAGEMENT ABSTRACT AND KEYWORDS Abstract The Net Present Value … remanufacturing operation dynamics by using these theoretical results. Keywords: reverse logistics, remanufacturing, net present value …

Persistent link: https://www.econbiz.de/10005288551