Volume/Issue: 1989/65
Series: IMF Working Papers
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
21
August
1989
ISBN: 9781451962390
This paper describes an approach for computing the market value of an interest guarantee on a bond where the principal is fully collateralized and which is exchanged for discounted sovereign debts. The cost of the...
Volume/Issue: 2009/110
Series: IMF Working Papers
Author(s):
Zvi Wiener
, and
Dan Galai
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
May
2009
ISBN: 9781451872576
The paper shows how-in a Merton-type model with bankruptcy-the currency composition of debt changes the risk profile of a company raising a given amount of financing, and thus affects the cost of debt. Foreign curr...
Volume/Issue: 1989/65
Series: IMF Working Papers
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
21
August
1989
DOI: http://dx.doi.org/10.5089/9781451962390.001
ISBN: 9781451962390
This paper describes an approach for computing the market value of an interest guarantee on a bond where the principal is fully collateralized and which is exchanged for discounted sovereign debts. The cost of the...
Volume/Issue: 2009/110
Series: IMF Working Papers
Author(s):
Zvi Wiener
, and
Dan Galai
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
May
2009
DOI: http://dx.doi.org/10.5089/9781451872576.001
ISBN: 9781451872576
The paper shows how-in a Merton-type model with bankruptcy-the currency composition of debt changes the risk profile of a company raising a given amount of financing, and thus affects the cost of debt. Foreign curr...