External debt conversion schemes: analysis criteria

Right from the beginning of the External Debt crisis, a group of schemes emerged seeking to use the discounts with which the external debt papers are negotiated.From the debtor country standpoint, the application of these schemes offer both advantages and disadvantages, depending upon the country�...

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Autores principales: Shiguiyama, David, Vásquez, José Miguel
Formato: info:eu-repo/semantics/article
Lenguaje:Español
Publicado: Universidad del Pacífico 1989
Acceso en línea:https://revistas.up.edu.pe/index.php/apuntes/article/view/297
http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52628
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author Shiguiyama, David
Vásquez, José Miguel
author_facet Shiguiyama, David
Vásquez, José Miguel
author_sort Shiguiyama, David
collection Repositorio
description Right from the beginning of the External Debt crisis, a group of schemes emerged seeking to use the discounts with which the external debt papers are negotiated.From the debtor country standpoint, the application of these schemes offer both advantages and disadvantages, depending upon the country's economic conditions. Therefore, it is difficult to decide a priori whether the global balance is positive to the country's economy.However, such schemes may mean an important opportunity that debtor countries must tave advantage of this article is centered in the evaluation of two of the main debt conversion schemes, Le debt-for-equity (CDI) and debt-bonds swaps (CDB). Some analysis criteria are presented as a reference framework for the design and evaluation of such schemes.
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spelling clacso-CLACSO526282022-03-17T18:47:46Z External debt conversion schemes: analysis criteria Mecanismos de conversión de deuda externa: criterios de análisis Shiguiyama, David Vásquez, José Miguel Right from the beginning of the External Debt crisis, a group of schemes emerged seeking to use the discounts with which the external debt papers are negotiated.From the debtor country standpoint, the application of these schemes offer both advantages and disadvantages, depending upon the country's economic conditions. Therefore, it is difficult to decide a priori whether the global balance is positive to the country's economy.However, such schemes may mean an important opportunity that debtor countries must tave advantage of this article is centered in the evaluation of two of the main debt conversion schemes, Le debt-for-equity (CDI) and debt-bonds swaps (CDB). Some analysis criteria are presented as a reference framework for the design and evaluation of such schemes. A partir del estallido de la crisis de la deuda, surgen una serie de mecanismos que buscan utilizar los descuentos a los que se negocian los pagarés de deuda externa. Desde el punto de vista del país deudor, la aplicación de estos mecanismos ofrece tanto ventajas como desventajas, que dependen en gran parte de las condiciones de la economía. Por tanto, es difícil decidir a priori si el balance global es positivo para la economía del país gestor. Sin embargo, tales mecanismos pueden significar una importante oportunidad que los países deudores deben aprovechar a su favor. El presente artículo se centra en la evaluación de dos de los principales mecanismos de conversión de deuda externa: la conversión de deuda por inversión (CDI) y la conversión de deuda por bonos (CDB). Así, se busca presentar una serie de criterios de análisis que sirvan como marco de referencia para el diseño y evaluación de tales mecanismos. 1989-12-11 2022-03-17T18:47:46Z 2022-03-17T18:47:46Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://revistas.up.edu.pe/index.php/apuntes/article/view/297 10.21678/apuntes.25.297 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52628 spa https://revistas.up.edu.pe/index.php/apuntes/article/view/297/299 Derechos de autor 2017 Apuntes http://creativecommons.org/licenses/by/4.0 application/pdf Universidad del Pacífico Apuntes. Social Sciences Journal; Apuntes 25; 43-60 Apuntes. Revista de ciencias sociales; Apuntes 25; 43-60 2223-1757 0252-1865
spellingShingle Shiguiyama, David
Vásquez, José Miguel
External debt conversion schemes: analysis criteria
title External debt conversion schemes: analysis criteria
title_full External debt conversion schemes: analysis criteria
title_fullStr External debt conversion schemes: analysis criteria
title_full_unstemmed External debt conversion schemes: analysis criteria
title_short External debt conversion schemes: analysis criteria
title_sort external debt conversion schemes: analysis criteria
url https://revistas.up.edu.pe/index.php/apuntes/article/view/297
http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52628