We investigate the economically and statistically significant positive correlation between monthly foreign purchases of Mexican stocks and Mexican stock returns. We find that a 1 percent of market capitalization surprise foreign inflow is associated with a 13 percent increase in Mexican stock...

An approach is presented for analyzing debt-for-debt exchanges from the perspective of the exchange`s impact on the country`s contractual obligations and from the perspective of the creditors whose participation is sought. A general model is developed for valuing partially guaranteed debt...