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...
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: |
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