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International Debt Finance ManagementCourse Available by Arrangement Only. Group Discounts are available.
A Two Week (10 Day) CourseCourse ObjectivesThis course will focus on debt creating capital flows to emerging economies with a view to answering the following questions: Why do developing countries borrow? How do they borrow? How should they manage their foreign debt, and what can they do if their debt burden becomes excessive? The emphasis will be on practical application and the use of case studies. Course OutlineThis course will cover four main topics. Debt Creation will look at the financial accounts of the balance of payments: types of capital flows, types of debt creating flows, from trade finance to inter-bank credits and bonds and the choice of currency denomination for debt instruments. Debt Sustainability and Management will cover debt dynamics models and the concept of debt sustainability with Papa-New Guinea as the case study, debt management: administrative and technical requirements with Australia as the case study and debt crises and restructuring – looking at the roles of the London and Paris club and debt reduction. International Fixed-Income Markets will address bond issuance and trading, credit ratings, emerging economies access to international capital markets, alternative financial instruments to facilitate access and Asian bond market development initiatives. The final topic Proposals for Debt Alleviation will look at bond restructuring and ‘Collective Action Clauses’. The ConvenerANU Adjunct Prof Patrick de Fontenay is a former director of the IMF Institute in Washington and was Chair of the IMF’s Retirement Plan Investment Committee. He holds a Doctorate in Law from the University of Paris and a PhD in Economics from Yale University. He was recently made a member of the Compliance Committee of the Lazard Asset Management Pacific Company. |
