IDEAS home Printed from https://ideas.repec.org/p/imf/imfwpa/1988-039.html
   My bibliography  Save this paper

Analysis of Self-Financed Buy-Backs and Asset Exchanges

Author

Listed:
  • International Monetary Fund

Abstract

buy–backs of external debt financed by the debtor through asset sales generally result in unchanged or lower market prices for remaining debt. The contractual value of debt is reduced by some multiple of the market value of assets sold. The use of assets as collateral for new debt that is exchanged for old debt has effects equivalent to buy–backs financed by sales of the same assets.

Suggested Citation

  • International Monetary Fund, 1988. "Analysis of Self-Financed Buy-Backs and Asset Exchanges," IMF Working Papers 1988/039, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1988/039
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=27328
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    WP; debt; asset; financial asset;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:1988/039. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.