| 书目名称 | Financial Innovations in International Debt Management |
| 副标题 | An Institutional Ana |
| 编辑 | Walter Berger |
| 视频video | |
| 丛书名称 | neue betriebswirtschaftliche forschung (nbf) |
| 图书封面 |  |
| 描述 | The international debt problem has already generated a huge number of publications. Why then another publication? Many publications address macroeconomic implications of the debt problem, others investigate special new financing instruments such as debt equity swaps, others discuss the economic or legal aspects of debt reschedulings. This work of Walter Berger concentrates on the evolution of the financial side of the debt problem. This evolution is fascinating since it reveals a continuous expansion of the financial instruments being used and a surprising change in intercreditor relationships. While in the seventies equal treatment of creditors was not of much concern, this changed dramatically in the eighties. But lately equal treatment turned out to be a strong impediment to the creditors‘ management of loan portfolios. Hence, inequality of treatment is growing again. This development represents a challenge to everyone who tries to explain legal changes by using economic theory. Another characteristic of Walter Berger‘s work is that he starts from a broad institutional perspective. Most economists analyze the debt problem by assuming a world where everybody follows the same prin |
| 出版日期 | Book 1990 |
| 关键词 | development; efficiency; financial policy; inequality; information; institutions; macroeconomics; managemen |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-322-89330-7 |
| isbn_softcover | 978-3-409-13733-1 |
| isbn_ebook | 978-3-322-89330-7Series ISSN 0175-8802 Series E-ISSN 2945-8129 |
| issn_series | 0175-8802 |
| copyright | Springer Fachmedien Wiesbaden 1990 |
发表于 2025-3-21 19:17:13
