Chile's oversized external liabilities and the impossibility of generating a more sizeable trade surplus without imposing intolerable social costs have led to a search for alternative ways to reduce the debt-service burden. Within a strategy of negotiation with foreign creditors, Chile has developed debt-reduction mechanisms to take advantage of the discount that the market has placed on the country's foreign liabilities. These schemes offer an interesting...
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INFORMACIÓN
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1987/02/28
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Documento de trabajo departamental
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CPD8702
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1
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1
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2017/12/02
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Disclosed
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Market-based debt-reduction schemes in Chile : a macroeconomic perspective
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debt certificate