| 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 |
-
Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
|
| 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
|
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