Briefly discuss the following:
(a) Debt-equity swaps
(b) IMF "conditionality"
(c) LIBOR
(d) Petrodollars
(a) Purchasing debt on the secondary market at a discount from face value and then trading the debt for the currency of the debtor nation to use for equity investments.
(b) Conditions imposed by the IMF on a borrowing country to encourage stable growth.
(c) LIBOR-London Interbank Offer Rate, the rate charged by large banks in London for loans and deposits.
(d) Deposits from oil exporter nations.
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From an economic perspective, the socially best amount of pollution control is that amount in which:
a. there is zero pollution. b. the private plus external marginal costs are equal to the private plus external marginal benefits. c. the private plus external marginal costs are less than the private plus external marginal benefits. d. the private marginal costs are equal to the private marginal benefits. e. the external costs equal the external benefits.
The services rendered by a special agent with the Federal Bureau of Investigation is included in which expenditure category of GDP?
a. consumption b. investment c. government purchases d. net exports
Explain how stock options can ensure compatibility between the interest of stockholders and managers.
What will be an ideal response?
Cities and towns mainly rely for revenue on
A. property taxes. B. income taxes. C. excise taxes. D. payroll taxes.