The secondary market in less developed countries' debt : development, efficiency and debt reduction

The secondary market in less developed countries' debt : development, efficiency and debt reduction

The thesis describes and analyses, within a framework of qualitative market development theory, the development of the Secondary Market in the bank debts of less developed countries. A survey of market participants is presented and analysed. The theory of financial market efficiency is assessed, and...

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Bibliographic Details
Main Author: Shepherdson, Ian Charles
Published: Loughborough University 1992
Subjects:
332
Third World
Online Access:http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.387413
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spelling ndltd-bl.uk-oai-ethos.bl.uk-3874132017-10-04T03:27:28ZThe secondary market in less developed countries' debt : development, efficiency and debt reductionShepherdson, Ian Charles1992The thesis describes and analyses, within a framework of qualitative market development theory, the development of the Secondary Market in the bank debts of less developed countries. A survey of market participants is presented and analysed. The theory of financial market efficiency is assessed, and secondary market price data is used to test the theory in the secondary market context. Market-based debt reduction is described in theory and in practice, with a qualitative and quantitative assessment of the Brady Initiative. Simulations and sensitivity analysis of the likely effect on debt servicing ability for the first three beneficiaries of Brady debt restructuring are presented. Suggestions for further research are presented in the concluding chapter.332Third WorldLoughborough Universityhttp://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.387413https://dspace.lboro.ac.uk/2134/11035Electronic Thesis or Dissertation
collection NDLTD
sources NDLTD
topic 332
Third World
spellingShingle 332
Third World
Shepherdson, Ian Charles
The secondary market in less developed countries' debt : development, efficiency and debt reduction
description The thesis describes and analyses, within a framework of qualitative market development theory, the development of the Secondary Market in the bank debts of less developed countries. A survey of market participants is presented and analysed. The theory of financial market efficiency is assessed, and secondary market price data is used to test the theory in the secondary market context. Market-based debt reduction is described in theory and in practice, with a qualitative and quantitative assessment of the Brady Initiative. Simulations and sensitivity analysis of the likely effect on debt servicing ability for the first three beneficiaries of Brady debt restructuring are presented. Suggestions for further research are presented in the concluding chapter.
author Shepherdson, Ian Charles
author_facet Shepherdson, Ian Charles
author_sort Shepherdson, Ian Charles
title The secondary market in less developed countries' debt : development, efficiency and debt reduction
title_short The secondary market in less developed countries' debt : development, efficiency and debt reduction
title_full The secondary market in less developed countries' debt : development, efficiency and debt reduction
title_fullStr The secondary market in less developed countries' debt : development, efficiency and debt reduction
title_full_unstemmed The secondary market in less developed countries' debt : development, efficiency and debt reduction
title_sort secondary market in less developed countries' debt : development, efficiency and debt reduction
publisher Loughborough University
publishDate 1992
url http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.387413
work_keys_str_mv AT shepherdsoniancharles thesecondarymarketinlessdevelopedcountriesdebtdevelopmentefficiencyanddebtreduction
AT shepherdsoniancharles secondarymarketinlessdevelopedcountriesdebtdevelopmentefficiencyanddebtreduction
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