A valuation formula for LDC debt (English)

A large gap may lie between the amount of debt relief that is nominally granted to a debtor and that which is actually given up by the creditors. To help put that gap in perspective, the author proposes a valuation formula that provides: (i) the price at which a buy-back of the debt, on the secondary market, is advantageous to the country; (ii) the value to creditors of having the flows of payment guaranteed against factors that hinder a country in...
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Citation

Cohen,Daniel.

A valuation formula for LDC debt (English). Policy, Research, and External Affairs working papers ; no. WPS 763. Debt and international finance Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/309501468764701968

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