How factors in creditor countries affect secondary market prices for developing country debt

Bank loans to many developing countries trade at a discount on the secondary market. These discounts are typically assumed to reflect only the repayment prospects of the borrower country. But the authors demonstrate that factors in the creditor countries have a major impact on secondary market price...

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Bibliographic Details
Main Authors: zler, Sule, Huizinga, Harry
Corporate Author: Banco Mundial
Format: Book
Published: Washington, D.C. World Bank March 1991
Series:Policy, research, and external affairs working papers no. WPS 622
Subjects: