University Of Zambia Online Public Access Catalogue
Debt concentration and secondary market prices.
By: Ozler, Sule.
Material type:
BookPublisher: Washington : World Bank, 1991Subject(s): Debt | Government budget -- Loans -- Debt relief. -- Government budget -- Loans -- Debt relief. -- Government budget -- Loans -- Debt reliefSummary: This paper analyses the scale of developing countries' debt and secondary market prices for government and shows that if debt is freely traded in secondary market, the entire stock of debt eventuaully ends up being owned by the large banks.
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This paper analyses the scale of developing countries' debt and secondary market prices for government and shows that if debt is freely traded in secondary market, the entire stock of debt eventuaully ends up being owned by the large banks.
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