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Volume 2, Number 4 / December , Pages 245-310
Securitizing Eastern Europe's External Bank Debt
Multinational Finance Journal, 1998, vol. 2, no. 4, pp. 295-310
Christopher Korth , Western Michigan University, USA
Corresponding Author
Zane Swanson , Emporia State University, USARobert Singer , Quincy University, USA Abstract: Most of the Eastern European countries are burdened by heavy foreign debts. Securitization could be helpful in solving the vexing problem of servicing the debt of Eastern European countries and improving their financial situation. Three formats for securitizing the loans are broadly available. While all three formats could be used to enhance significantly the marketability of existing Eastern European debts, create a more favorable lending climate for new syndicated loans, and accelerate the development of large, integrated secondary markets, the analysis indicates that the mortgage-backed bond provides the best alternative Keywords : securitization; Eastern Europe; loans and financial Intermediaries View in Bib TeX Format View Cite Format 1 View Cite Format 2 |