| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w9369 |
| 来源ID | Working Paper 9369 |
| Debt Relief: What Do the Markets Think? | |
| Serkan Arslanalp; Peter Blair Henry | |
| 发表日期 | 2002-12-09 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | The stock market appreciates by an average of 60 percent in real dollar terms when countries announce debt relief agreements under the Brady Plan. In contrast, there is no significant increase in market value for a control group of countries that do not sign agreements. The results persist after controlling for IMF agreements, trade liberalizations, capital account liberalizations, and privatization programs. The stock market revaluations forecast higher future net resource transfers and GDP growth. While markets respond favorably to debt relief in the Brady countries, there is no evidence to suggest that current debt relief efforts for the Highly-Indebted Poor Countries (HIPCs) will achieve similar results. |
| URL | https://www.nber.org/papers/w9369 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/566988 |
| 推荐引用方式 GB/T 7714 | Serkan Arslanalp,Peter Blair Henry. Debt Relief: What Do the Markets Think?. 2002. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w9369.pdf（219KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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