Explain the following relation: p = f (IR, INVR) +, + or - p = Probability of
Question:
p = f (IR, INVR)
+, + or -
p = Probability of rescheduling
IR = Total imports/Total foreign exchange reserves
INVR = Real investment/GNP
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This relation states that the probability of a countrys rescheduling of its foreign debt i...View the full answer
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Related Book For
Financial Institutions Management A Risk Management Approach
ISBN: 978-0071051590
8th edition
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
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