Exact(1)
For many years, my research has shown that the growth of credit default swaps has made restructuring more complex by making creditors' true incentives more opaque.
Similar(59)
And Fisher pointed out in 1933 that a general fall in wages and prices actually makes things worse, by making debtors poorer in real terms; true, creditors are made richer, but because debtors are more likely to cut spending than creditors are to increase it, the overall effect is to deepen the depression.
The Examiner found that Lehman used Repo 105 transactions for no other articulated purpose than to shrink its balance sheet at the quarter-end, in a manner that deceived investors and creditors about its true financial state and misleading others.
On average, it is true, creditor countries are richer than debtor countries; in this sense, at least, capital does flow downwards.
The same is true of the creditors' demand for structural reforms, some of which Syriza has embraced and some of which the Party has resisted.
He added, "Those at the top of the firm directed employees to hide the firm's true financial condition from creditors, investors, auditors, and even partners of the firm".
That is particularly true of capital-rich creditor countries such as China.
Furthermore, Syriza believes that the Greek debt problem is a European debt problem, which, to a degree, is also true, as the debtor-creditor relationship is now an aspect of the structure of the Eurozone itself.
(The opposite is true for Japan, a net creditor).
Be open and honest with your creditors.
Despite several downgrades, Japan has not had a debt crisis.It is true that Japan, as a big creditor nation, can tap into ample savings at home, whereas America relies more on foreign investors.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com