DILEMMAS OF DEFAULT
Tema(s): En: Financial Times 20 sep. 1999, p. 15Resumen: Ecuador is not used to occupying the limelight. But the small Latin American country's decision last month to suspend interest payments on more than 6bn worth of Brady bonds has had unprecedented and potentially far-reaching consequences. For the first time in its 55-year existence, the International Monetary Fund is acquiescing in a country's decision to default on its debts to the international bond markets. The IMF's approval raises serious issues for western investors in the 300bn-plus developing country bond market. Is it a one-off response to Ecuador's problems, or designed as a broader signal that the international bond markets should get used to sharing the pain when a country defaults on its debt obligations?| Tipo de ítem | Biblioteca actual | Signatura topográfica | Info Vol | Estado | Fecha de vencimiento | Código de barras | |
|---|---|---|---|---|---|---|---|
Analítica de Seriada
|
BIBLIOTECA ECONÓMICA BCE - QUITO | RESUM-018266 (Navegar estantería(Abre debajo)) | Financial Times. 20 sep. 1999, p. 15 | Disponible |
Ecuador is not used to occupying the limelight. But the small Latin American country's decision last month to suspend interest payments on more than 6bn worth of Brady bonds has had unprecedented and potentially far-reaching consequences. For the first time in its 55-year existence, the International Monetary Fund is acquiescing in a country's decision to default on its debts to the international bond markets. The IMF's approval raises serious issues for western investors in the 300bn-plus developing country bond market. Is it a one-off response to Ecuador's problems, or designed as a broader signal that the international bond markets should get used to sharing the pain when a country defaults on its debt obligations?
No hay comentarios en este titulo.