Securitizing Eastern Europe's External Bank Debt

Christopher Korth, Zane Swanson and Robert Singer
Additional contact information
Christopher Korth: Western Michigan University, USA
Zane Swanson: Emporia State University, USA

Multinational Finance Journal, 1998, vol. 2, issue 4, 295-310

Abstract: Most of the Eastern European countries are burdened by heavy foreign debts. Securitization could be helpful in solving the vexing problem of servicing the debt of Eastern European countries and improving their financial situation. Three formats for securitizing the loans are broadly available. While all three formats could be used to enhance significantly the marketability of existing Eastern European debts, create a more favorable lending climate for new syndicated loans, and accelerate the development of large, integrated secondary markets, the analysis indicates that the mortgage-backed bond provides the best alternative.

Keywords: securitization; Eastern Europe; loans and financial Intermediaries (search for similar items in EconPapers)
JEL-codes: F21 F34 G15 G21 O16 (search for similar items in EconPapers)
Date: 1998
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.mfsociety.org/modules/modDashboard/uplo ... jlt1mhm1mn813l73.pdf
http://www.mfsociety.org/modules/modDashboard/uplo ... ogleScholar/660.html

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mfj:journl:v:2:y:1998:i:4:p:295-310

Access Statistics for this article

Multinational Finance Journal is currently edited by Panayiotis C. Andreou

More articles in Multinational Finance Journal from Multinational Finance Journal Contact information at EDIRC.
Bibliographic data for series maintained by Theodossiou Panayiotis ().