Secondary Market Prices and Mexico's Brady Deal
分析1989年墨西哥布雷迪协议中官方资金用于减债是否等同于救助债权人，通过期权定价方法评估主权债务价值，并考察布雷迪计划对债务减免的积极影响。
Analyzes wether or not the use of official funds in debt reduction packages as in Mexico's 1989 Brady deal is tantamount to a creditor bailout. Review of events; option-pricing approach to sovereign debt valuation; market valuation of the Brady debt package; positive impact of Brady plan on debt relief.