Manas, Arnaud; Daniel, Laurent - Volkswirtschaftliche Fakultät, … - 2007
In 2005, more than 20 billion dollars were bought back by Paris Club debtors: Russia USD 15 billion Poland USD 5 … raises the question as to why the Paris Club creditors agreed to the buybacks voluntarily. It appears that these buybacks are … models for interest rates (Vasicek), but applied in the Paris Club framework. …