Since 2014
Diseño del Contrato Óptimo de Créditos y sus Contingencias ImplÃcitas en el Caso de PaÃses en Desarrollo
Economic Analysis Review
View Archive Info| Field | Value | |
| Title |
Diseño del Contrato Óptimo de Créditos y sus Contingencias ImplÃcitas en el Caso de PaÃses en Desarrollo
Diseño del Contrato Óptimo de Créditos y sus Contingencias ImplÃcitas en el Caso de PaÃses en Desarrollo |
|
| Creator |
Batarce, Jaime A.
|
|
| Subject |
—
|
|
| Description |
This paper argues that LDC loans contain implicit contingent features that provide insurance to the borrowing country against unfavorable economic circumstances. The motivation for, and optimality of, the implicit features of LDC loans are analyzed. Two policy implications to reduce the cost of default in LDC contracts are derived. First. if parties can make some of the implicit contingencies explicit, or countries can be insured against commodity price fluctuations, some sources of default would be eliminated and costs avoided. Since agents may be unable to include all contingent provisions explicitly, the second implication, therefore, is that default and rescheduling costs may be reduced if the parties submit to arbitration.
Diseño del Contrato Óptimo de Créditos y sus Contingencias Implícitas en el Caso de Países en Desarrollo |
|
| Publisher |
Universidad Alberto Hurtado - Facultad de Economía y Negocios
|
|
| Contributor |
—
— |
|
| Date |
2010-03-11
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
|
| Format |
application/pdf
|
|
| Identifier |
http://www.rae-ear.org/index.php/rae/article/view/247
|
|
| Source |
Revista de Análisis Económico - Economic Analysis Review; Vol 6, No 2 (1991); 171-191
Revista de Análisis Económico – Economic Analysis Review; Vol 6, No 2 (1991); 171-191 0718-8870 0716-5927 |
|
| Language |
spa
|
|
| Relation |
http://www.rae-ear.org/index.php/rae/article/view/247/442
|
|