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Market-Based Menu Approach in Action: The 1988 Brazil Financing Package

机译:基于市场的菜单方法:1988年巴西融资方案

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The paper analyzes the economic and financial effects of some of the instruments and facilities in the 1988 Financing Package for Brazil, which was structured along the lines of the market based menu approach. The paper focuses on those aspects of the package that may be relevant in structuring packages for other debtor countries: in particular, currency switching, interest retiming, relending, debt conversion programs, and exit bonds. (Copyright (c) 1989 The World Bank.)

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