Non-Resident Holdings of Domestic Debt in Nigeria: Internal or External Driven? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Non-Resident Holdings of Domestic Debt in Nigeria: Internal or External Driven? write by Amr Hosny. This book was released on 2020-05-22. Non-Resident Holdings of Domestic Debt in Nigeria: Internal or External Driven? available in PDF, EPUB and Kindle. Foreign holdings of domestic debt instruments in Nigeria have been increasing. Using data over 2007M1-2019M1, we show that, on average, global factors (global interest rates, oil prices) seem to carry more weight than domestic factors (treasury bills rate and domestic risk) in foreign portfolio invetsors’ decisions in Nigeria. Specifically, we show that foreign participation is, in the long run, positively correlated with oil prices and profitable rates of return on local-currency instruments, but negatively correlated with exchange rate depreciation pressures. In the short run, oil prices, opportunity cost of funds and perception of Nigeria-specific risks also play a role. These results highlight the volatile short-term nature of such flows and call for a package of policy reforms to attract longer term direct investments.
Indonesia
Indonesia - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Indonesia write by International Monetary Fund. Asia and Pacific Dept. This book was released on 2023-06-25. Indonesia available in PDF, EPUB and Kindle. Indonesia: Selected Issues
Sovereign Debt Restructurings 1950-2010
Sovereign Debt Restructurings 1950-2010 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Sovereign Debt Restructurings 1950-2010 write by Mr.Udaibir S. Das. This book was released on 2012-08-01. Sovereign Debt Restructurings 1950-2010 available in PDF, EPUB and Kindle. This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses.
Global Waves of Debt
Global Waves of Debt - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Waves of Debt write by M. Ayhan Kose. This book was released on 2021-03-03. Global Waves of Debt available in PDF, EPUB and Kindle. The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Nigeria
Nigeria - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Nigeria write by International Monetary Fund. African Dept.. This book was released on 2016-04-08. Nigeria available in PDF, EPUB and Kindle. This paper discusses a few selected issues of the Nigerian economy—options and strategies for a fiscal rule for oil wealth management, enhancing the effectiveness of monetary policy, and recent developments and prospects of capital flow. Despite its diversified economy, Nigeria’s fiscal policy is heavily dependent on the oil sector. This paper explores options for a formalized rule-based approach to setting a “depoliticized” budget oil price. Two boom-and-bust episodes since early 2000 have highlighted the challenges in the current monetary policy framework. Nigeria has also been characterized by sizable capital outflows, which have diminished recently.
