This paper analyzes the potential impact of implementing a debt equity conversion program on selected macroeconomic variables of a debtor country and discusses some pragmatic issues related to the implementation. It shows that the benefits of conversions, primarily the promotion of additional investment and debt reduction, may come with short-run costs in monetary expansion carrying inflationary potential. But the paper demonstrates that these costs...
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详细
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1990/03/31
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出版
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WDP76
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1
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1
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2010/07/01
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Debt equity conversion analysis : a case study of the Philippine program
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Internal rate of return