Secondary market prices and Mexico's Brady Deal
| Authors | |
|---|---|
| Publication date | 1993 |
| Journal | The Quarterly Journal of Economics |
| Volume | Issue number | 108 | nov |
| Pages (from-to) | 965-983 |
| Number of pages | 18 |
| Organisations |
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| Abstract | Analyzes wether or not the use of official funds in debt reduction packages as in Mexico's 1989 Brady deal is tantamount to a creditor bailout. Review of events; option-pricing approach to sovereign debt valuation; market valuation of the Brady debt package; positive impact of Brady plan on debt relief. |
| Document type | Article |
| Published at |
https://doi.org/10.2307/2118456
(Final published version)
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| Permalink to this page | |
