The Securitisation of Developing Country Bank Debt

Peter Stanyer

Chapter 2 in International Finance and the Less Developed Countries, 1990, pp 47-69 from Palgrave Macmillan

Abstract: Abstract This chapter is about the securitisation of the bank debt of countries which have encountered difficulties since 1982 in servicing their external obligations. The chapter is structured so as to analyse the motivation for creditors and debtors to participate in securitisation arrangements. In contrast with the securitisation of other bank loans, the securitisation of developing country debt is closely bound up with issues of impaired creditworthiness and debt relief. In discussing such securitisation, which to date has been very limited in scope, the chapter seeks to separate those avenues of the market which participants might voluntarily and without outside intervention seek to explore from those which they may be reluctant to pursue.2

Keywords: Institutional Investor; Bank Loan; Secondary Market; Debt Service; Debt Relief (search for similar items in EconPapers)
Date: 1990
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-349-10379-9_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349103799

DOI: 10.1007/978-1-349-10379-9_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().