ERRUNZA, VIHANG R.; MOREAU, ARTHUR F. - In: Journal of Finance 44 (1989) 3, pp. 663-680
type="main" xml:lang="en" <title type="main">ABSTRACT</title> <p>This paper analyzes LDC debt-for-equity swaps under a rational expectations equilibrium. Under full information, the swap can never be strictly preferred by the LDC, the MNC, and the bank. Under the postulated informational asymmetry assumptions the same...</p>