- Defaultable Debt, Interest Rates, and the Current Account. Aguiar, Mark; Gopinath, Gita // Research Review;Sept-Dec2004, Issue 2, p20
Develops a quantitative model of debt and default in a small open economy in order to explain the dynamics that produce these characteristics. Model of a small open economy that receives a stochastic endowment stream and trades a single good and a single asset, a one-period bond, with the rest...
- UAE: Dubai Seeking Sovereign Rating. // Emerging Markets Monitor;2/19/2007, Vol. 12 Issue 43, p21
The article presents an economic outlook for Dubai, United Arab Emirates (UAE) in 2007. It discusses the advantages and disadvantages of the decision of the Dubai government to seek credit rating to facilitate bond issuance. It explains the reasons for tapping international capital markets. This...
- Asset Class Strategy: On The Sidelines For Now. // Emerging Markets Monitor;4/2/2012, Vol. 17 Issue 50, p13
The article focuses on the macroeconomic outlook for Brazil. A buildup of Brazil's structural economic imbalances is suggested to lead to currency weakness, fiscal slippage and banking sector stress over the coming years. A 5.6 percent sell-off in the Brazilian real is presented to lead to a...
- Expanding Bond Horizons. // Asia Monitor: South Asia Monitor;Jan2007, Vol. 13 Issue 1, p7
The article reports on Sri Lanka's decision to issue foreign bonds in 2007 to tackle its severe fiscal deficit. First announcement of plans for an external debt instrument came in February 2006, which failed to materialize due to warlike situation in the country. The government has since been...
- Vietnam's Virgin Bond. // Asia Monitor: South East Asia Monitor Volume 1;Oct2002, Vol. 13 Issue 10, p7
Reports the condition of the government bond in Vietnam. Reputation of the bond for being below investment-grade material; Vulnerability of the external debt of the country to rollover shocks; Trend of economic performance of the country.
- U.S. assurances cited on bonds in Brazil deal. Kraus, James R. // American Banker;10/4/1993, Vol. 158 Issue 190, p22
Reports on the United States issuance of bonds to guarantee a debt-reduction deal for Brazil with commercial creditors bank. Brazil's seeking of an agreement with the International Monetary Fund; Amount needed by Brazil to buy zero coupon US Treasury bonds; Market purchases rejected.
- Russian debt may convert to eurobonds. // Budapest Business Journal;11/25/2002, Vol. 10 Issue 49, p21
Reports that Hungary would consider converting Russia state debt to Hungary into eurobonds, according to Imre Javorszky, head of the Hungarian Chamber of Commerce in Moscow, Russia. Partial settlement of Russia's outstanding commercial debts; Trade surplus accumulated by Hungary of transferable...
- Turkey. // MEED: Middle East Economic Digest;1/21/2000, Vol. 44 Issue 3, p26
Discloses that the government has tapped the international markets for millions of dollars in Turkey's largest ever sovereign debt issue. Terms of the bond offering; Significance of the lower pricing for Turkish paper.
- External Debt Jumps. // Emerging Markets Monitor;1/9/2006, Vol. 11 Issue 37, p4
The article looks at the status of the external debts of Brazil, Turkey and the Philippines. A positive performance for the Brazilian US$Global 40 and the Turkish US$ Global 30 bonds is reported. A slow performance, on the other hand, is revealed for the Philippines US$ Global 25 bond.