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Debt concentration and secondary market prices.

By:

Ozler, Sule

Material type:

TextPublication details: Washington : World Bank, 1991.Subject(s):

Debt
Government budget -- Loans -- Debt relief. -- Government budget -- Loans -- Debt relief. -- Government budget -- Loans -- Debt relief

Summary: 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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