Recompras y condonación de la deuda externa en un modelo de repudio voluntario
Debt reduction is usually analyzed in models where default is involuntary and the gains from debt reduction derive from various disincentives linked to a large debt overhang. This paper uses a model in which default is voluntary and shows that debt reduction can be beneficial even in absence of thos...
| Main Author: | |
|---|---|
| Format: | Online |
| Language: | Spanish |
| Editor: |
El Colegio de México, A.C.
1991
|
| Subjects: | |
| Online Access: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/316 |
| Journal: |
Estudios Económicos |
| authentication_code | dc |
|---|---|
| _version_ | 1844256693820588032 |
| author | Kenen, Peter B. |
| author_facet | Kenen, Peter B. |
| author_sort | Kenen, Peter B. |
| category_str_mv |
"Bolivia", "hyperinflation", "economic crisis", "Bolivia", "hiperinflación", "crisis económica"
|
| collection | OJS |
| description | Debt reduction is usually analyzed in models where default is involuntary and the gains from debt reduction derive from various disincentives linked to a large debt overhang. This paper uses a model in which default is voluntary and shows that debt reduction can be beneficial even in absence of those disincentives, by inducing debtors to renounce or postpone repudiation. |
| format | Online |
| id | oai:oai.estudioseconomicos.colmex.mx:article-316 |
| index_str_mv | CONAHCYT LATINDEX PKP Index DORA Redalyc Scielo México Handbook of Latin American Studies (HLAS) JSTOR Dialnet HAPI Ulrich’s International Periodicals Directory Google Scholar IBSS Gale OneFile: Informe Académico Global Issues in Context InfoTracCustom Cengage Learning EconLit Índice bibliográfico Publindex RePEc The Journal of Economic Literature |
| journal | Estudios Económicos |
| language | spa |
| publishDate | 1991 |
| publisher | El Colegio de México, A.C. |
| record_format | ojs |
| Terms_governing_use_and_reproduction_note | Copyright (c) 2018 Estudios Económicos |
| data_source_entry/ISSN | Estudios Económicos de El Colegio de México; 11-vol. 6, no. 1, january-june, 1991; 125-141 Estudios Económicos de El Colegio de México; 11-vol. 6, núm. 1, enero-junio, 1991; 125-141 0186-7202 0188-6916 |
| spelling | oai:oai.estudioseconomicos.colmex.mx:article-3162023-02-20T23:50:21Z Repurchase and condonation of external debt in a voluntary repudiation model Recompras y condonación de la deuda externa en un modelo de repudio voluntario Kenen, Peter B. debt reduction voluntary default model deuda externa modelo de incumplimiento voluntario Debt reduction is usually analyzed in models where default is involuntary and the gains from debt reduction derive from various disincentives linked to a large debt overhang. This paper uses a model in which default is voluntary and shows that debt reduction can be beneficial even in absence of those disincentives, by inducing debtors to renounce or postpone repudiation. La reducción de la deuda externa generalmente se analiza en aquellos modelos donde el incumplimiento es involuntario y las ventajas de tal reducción se derivan de los diversos desincentivos relacionados con retrasos importantes en el pago. El presente artículo utiliza un modelo de incumplimiento voluntario y demuestra que la reducción de la deuda puede resultar beneficiosa a pesar de la falta de desincentivos, al inducir a los deudores a renunciar o posponer el repudio. El Colegio de México, A.C. 1991-01-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/316 10.24201/ee.v6i1.316 Estudios Económicos de El Colegio de México; 11-vol. 6, no. 1, january-june, 1991; 125-141 Estudios Económicos de El Colegio de México; 11-vol. 6, núm. 1, enero-junio, 1991; 125-141 0186-7202 0188-6916 spa https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/316/319 Copyright (c) 2018 Estudios Económicos |
| spellingShingle | debt reduction voluntary default model deuda externa modelo de incumplimiento voluntario Kenen, Peter B. Recompras y condonación de la deuda externa en un modelo de repudio voluntario |
| title | Recompras y condonación de la deuda externa en un modelo de repudio voluntario |
| title_alt | Repurchase and condonation of external debt in a voluntary repudiation model |
| title_full | Recompras y condonación de la deuda externa en un modelo de repudio voluntario |
| title_fullStr | Recompras y condonación de la deuda externa en un modelo de repudio voluntario |
| title_full_unstemmed | Recompras y condonación de la deuda externa en un modelo de repudio voluntario |
| title_short | Recompras y condonación de la deuda externa en un modelo de repudio voluntario |
| title_sort | recompras y condonacion de la deuda externa en un modelo de repudio voluntario |
| topic | debt reduction voluntary default model deuda externa modelo de incumplimiento voluntario |
| topic_facet | debt reduction voluntary default model deuda externa modelo de incumplimiento voluntario |
| url | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/316 |
| work_keys_str_mv | AT kenenpeterb repurchaseandcondonationofexternaldebtinavoluntaryrepudiationmodel AT kenenpeterb recomprasycondonaciondeladeudaexternaenunmodeloderepudiovoluntario |