How should sovereign debtors restructure their debts? Fixed interest rates, flexible interest rates, or inflation - indexed (English)

Can developing countries affect the variance of real imports solely by altering the way debt service is paid? The answer, says the author, is a qualified yes. The presumption that fixed rate debt is less risky than flexible rate debt is historically inaccurate as a general proposition. Using annual data for 1970-90, the author shows that for many developing countries, flexible rate borrowing actually reduced net risk - whether debt service payments...

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Author

Warner,Andrew M.;
Document Date
1993/09/30
Document Type
Policy Research Working Paper
Report Number
WPS1187
Volume No
1
Total Volume(s)
1
Disclosure Date
2010/07/01
Doc Name
How should sovereign debtors restructure their debts? Fixed interest rates, flexible interest rates, or inflation - indexed
Keywords
nominal interest rate

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Citation

Warner,Andrew M..

How should sovereign debtors restructure their debts? Fixed interest rates, flexible interest rates, or inflation - indexed (English). Policy, Research working papers ; no. WPS 1187. International economic analysis and prospects Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/152161468765259546

How should sovereign debtors restructure their debts? Fixed interest rates, flexible interest rates, or inflation - indexed (English)

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