01413cas a2200241 a 4500 AALejournalIMF007762 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451977264 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Analysis of Self-Financed Buy-Backs and Asset Exchanges. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (9 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students buy-backs of external debt financed by the debtor through asset sales generally result in unchanged or lower market prices for remaining debt. The contractual value of debt is reduced by some multiple of the market value of assets sold. The use of assets as collateral for new debt that is exchanged for old debt has effects equivalent to buy-backs financed by sales of the same assets. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/039 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/039/001.1988.issue-039-en.xml IMF e-Library