, Colombia, and Peru). In Latin America privatization tends to have positive economic effects. It contributes to the development … suggesting that it may increase the national savings rate and economic growth. However, privatization also leads to higher …

, Colombia, and Peru). In Latin America privatization tends to have positive economic effects. It contributes to the development … suggesting that it may increase the national savings rate and economic growth. However, privatization also leads to higher …

In our article we present the use of hybrid securities in the privatization process. We show that exchangeable bonds … may be successfully applied during privatization of state companies throughout the world. It may be profitable for many … privatization processes by means of exchangeable bonds i.a. in Germany and in Austria. Most of such operations, e.g. German Deutsche …