Debt overhang or debt irrelevance?
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Debt overhang or debt irrelevance? revisiting the debt-growth link by Tito Cordella

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Published by International Monetary Fund in [Washington, D.C.] .
Written in English


  • Debts, External -- Developing countries.,
  • Debt relief -- Developing countries.

Book details:

Edition Notes

Statementprepared by Tito Cordella, Luca Antonio Ricci, and Marta Ruiz-Arranz.
SeriesIMF working paper -- no. 223
ContributionsRicci, Luca Antonio., Ruiz-Arranz, Marta., International Monetary Fund.
The Physical Object
Pagination53 p. ;
Number of Pages53
ID Numbers
Open LibraryOL21419699M

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Debt Overhang Or Debt Irrelevance Revisiting the Debt Growth Link Book Summary: Do Highly Indebted Poor Countries (HIPCs) suffer from a debt overhang? Is debt relief going to improve their growth rates? To answer these important questions, we look at how the debt-growth relationship varies with indebtedness levels and other country characteristics in a panel of developing . Cited by: César Fernando Reis & Jelson Serafim, "Growth and Debt in Angola at Provincial Level," CEsA Working Papers , CEsA - Center for African and Development , Martin, "The heavily indebted poor countries and the multilateral debt relief initiative: A test case for the validity of the debt overhang hypothesis," Discussion Papers /11, Free . Our findings suggest that there is a negative marginal relationship between debt and growth at intermediate levels of debt, but not at very low debt levels, below the “debt overhang” threshold, or at very high levels, above the “debt irrelevance” threshold. The first major study to put the debt question in perspective, this book is the outcome of a historic conference held in May to debate Nigeria's future in the context of the debt overhang. The book captures the highlights of all presentations, and presents the recommendations and consensus reached concerning reducing the debt burden.

  Cordella, Tito, Ricci, Luca Antonio and Ruiz-Arranz, Marta () Debt overhang or debt irrelevance? IMF Staff Papers 57 (1), 1 – Dippelsman, Robert, Dziobek, Claudia Helene and Mangas, Carlos Gutierrez () What Lies Beneath: The Statistical Definition of Public Sector by: 1. Título: Debt Overhang or Debt Irrelevance? Revisiting the Debt Growth Link Creador: Mr. Tito Cordella Género: Business & Economics Impresora: International Monetary Fund Identidad Clave: cr9zlGvUW3IC Código del libro: Oficiales de Idiomas: El número de hojas: 55 Lanzamiento: Terms Beginning With 'D' Swap Debt Financing Debt Fund Debt Instrument Debt Issue Debt Overhang Debt Ratio Debt Restructuring Debt Security Rate Dividend Irrelevance Theory Dividend Payout. Acerca de Libros: EBOOK como Adobe PDF libre para reservar Debt Overhang or Debt Irrelevance? Revisiting the Debt Growth Link de instructiva e imaginativo. Los nuevos tonos fueron escritos por Mr. Tito Cordella duda se suma al esplendor de libros en el mundo. Premio Nobel de este libro significaría que el libro tiene una buena.

Weights of debt and equity in WACC should be calculated using market values or book values market What do you use as the D/V and E/V ratios in WACC if the project will change the capital structure of the firm (2). The book examines fundamental ideas in capital structure management, some of which are still not very well understood in the business community, such as Modigliani and Miller’s irrelevance result, trade-off theory, pecking-order theory, asset substitution, credit rationing and Format: Paperback. Debt Overhang or Debt Irrelevance? Tito Cordella, Luca Antonio Ricci, Marta Ruiz-Arranz Pages Download PDF (KB) View Article. • tax savings from debt financing (tax-deductibility of interest payments on debt) against • costs of financial distress from debt financing (agency costs of issuing risky debt; deadweight costs of liquidation or re-organization; costs of debt overhang [Myers ]).