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Is debt relief efficient ?

Henry, Peter Blair - ; Arslanalp, Serkan - ;

When developing countries announce debt relief agreements under the brady plan, their stock markets appreciate by an average of 60 % in real dollar terms-a $42 billion increase in shareholder value. There is no significant stock market increase for a control group of countries that do not sign Brady agreements. The stock market appreciations successfully forecast higher future resource transfers, investment, and growth..Printed Journal


Ketersediaan

Call NumberLocationAvailable
PSB lt.dasar - Pascasarjana1
Penerbit: The American Finance Association
Edisi-
Subjek-
ISBN/ISSN00221082
Klasifikasi-
Deskripsi Fisik-
Info Detail Spesifik-
Other Version/RelatedTidak tersedia versi lain
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