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Credit Risk Spreads in Local and Foreign Currencies

Credit Risk Spreads in Local and Foreign Currencies »

Source: Credit Risk Spreads in Local and Foreign Currencies

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

Keywords: credit spread, currency mismatch, Merton&;amp;#x2019;s model, correlation, bond, present value, probability,

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...

Credit Risk Spreads in Local and Foreign Currencies

Credit Risk Spreads in Local and Foreign Currencies »

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

Keywords: credit spread, currency mismatch, Merton&;amp;#x2019;s model, correlation, bond, present value, probability,

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...

Structural Reforms, IMF Programs and Capacity Building
			: An Empirical Investigation

Structural Reforms, IMF Programs and Capacity Building : An Empirical Investigation »

Volume/Issue: 2012/232

Series: IMF Working Papers

Author(s): Rabah Arezki , Marc Quintyn , and Frederik Toscani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 September 2012

DOI: http://dx.doi.org/10.5089/9781475510706.001

ISBN: 9781475510706

Keywords: Structural Reform, IMF Program, Capacity Building, technical assistance, regulation, capacity building activities, bureaucratic quality, General, International Lending and Debt Problems,

This paper investigates the role that International Monetary Fund (IMF) programs and capacity building play in fostering structural reforms. To do so, we exploit two novel datasets on IMF capacity building and stru...

Structural Reforms, IMF Programs and Capacity Building

Structural Reforms, IMF Programs and Capacity Building »

Source: Structural Reforms, IMF Programs and Capacity Building : An Empirical Investigation

Volume/Issue: 2012/232

Series: IMF Working Papers

Author(s): Rabah Arezki , Marc Quintyn , and Frederik Toscani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 September 2012

ISBN: 9781475510706

Keywords: Structural Reform, IMF Program, Capacity Building, technical assistance, regulation, capacity building activities, bureaucratic quality, General, International Lending and Debt Problems,

This paper investigates the role that International Monetary Fund (IMF) programs and capacity building play in fostering structural reforms. To do so, we exploit two novel datasets on IMF capacity building and stru...