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Mortgage Defaults
Martinez, Leonardo; Hatchondo, Juan Carlos; Sanchez, Juan M. - International Monetary Fund (IMF) - 2012
This paper incorporates house price risk and mortgages into a standard incomplete market (SIM) model. The model is calibrated to match U.S. data and accounts for non-targeted features of the data such as the distribution of down payments, the life-cycle profile of home ownership, and the...
Persistent link: https://www.econbiz.de/10009650640
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Toward a Statutory Approach to Sovereign Debt Restructuring; Lessons From Corporate Bankruptcy Practice Around the World
Bolton, Patrick - International Monetary Fund (IMF) - 2003
relevant to the debate on Sovereign Debt Restructuring. It highlights four components common to most bankruptcy reorganization …This paper provides an overview of key elements of Corporate Bankruptcy Codes and Practice around the world that are … institutions: a stay on debt collection efforts to prevent a costly run for the assets, broad enforcement of absolute priority …
Persistent link: https://www.econbiz.de/10005605204
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Principles of Household Debt Restructuring
Laryea, Thomas; Laeven, Luc - International Monetary Fund (IMF) - 2009
Persistent link: https://www.econbiz.de/10010790464
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Approaches to Corporate Debt Restructuring in the Wake of Financial Crises
Laryea, Thomas - International Monetary Fund (IMF) - 2010
This paper starts from a discussion of the economic case for moderated government intervention in debt restructuring in … been applied to corporate debt restructurings in the aftermath of a crisis. From there, it addresses challenges in … designing and implementing a comprehensive debt restructuring strategy and draws together some key principles. …
Persistent link: https://www.econbiz.de/10010790467
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Cambodia; 2007 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2007
This 2007 Article IV Consultation underlies that strong macroeconomic policies have enabled Cambodia to achieve impressive growth and make inroads into poverty. Supported by prudent fiscal and monetary policies that have strengthened the economy’s resilience to shocks, growth has averaged...
Persistent link: https://www.econbiz.de/10011244160
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Côte d'Ivoire: Enhanced Heavily Indebted Poor Countries Initiative; Completion Point Document and Multilateral Debt Relief Initiative; Press Release
International Monetary Fund (IMF); International … - 2012
In April 2009, the Boards of Executive Directors of the International Development Association (IDA) and the International Monetary Fund (IMF) agreed that Côte d’Ivoire had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC)...
Persistent link: https://www.econbiz.de/10011244164
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Albania; 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information on the Executive Board Discussion; and Statement by the Executive Director for Albania
International Monetary Fund (IMF); International … - 2010
Albania enjoyed strong growth with comparatively benign external vulnerabilities before the crisis. Monetary policy provided timely support, and the exchange rate functioned as a shock absorber. However, policy buffers are now exhausted and must be rebuilt. Fiscal tightening has to be quickly...
Persistent link: https://www.econbiz.de/10011244179
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Central African Republic; Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Waivers of Nonobservance of Performance Crite...
International Monetary Fund (IMF); International … - 2008
and caused serious fiscal losses. The new financing strategy is based on issuing debt instruments in the regional … financial market to improve the domestic debt profile. IMF staff recommends completion of the second review, granting of waivers …
Persistent link: https://www.econbiz.de/10011244185
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Suriname; Statistical Appendix
International Monetary Fund (IMF); International … - 2006
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011244208
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Iraq; Statistical Appendix
International Monetary Fund (IMF); International … - 2007
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011244215