title={Securitizing Eastern Europe's External Bank Debt},
author={Christopher Korth and Zane Swanson and Robert Singer},
journal={Multinational Finance Journal},
publisher={Multinational Finance Society; Global Business Publications},
keywords={securitization; Eastern Europe; loans and financial Intermediaries},
abstract={Most of the Eastern European countries are burdened by heavy foreign debts. Securitization could be helpful in solving the vexing problem of servicing the debt of Eastern European countries and improving their financial situation. Three formats for securitizing the loans are broadly available. While all three formats could be used to enhance significantly the marketability of existing Eastern European debts, create a more favorable lending climate for new syndicated loans, and accelerate the development of large, integrated secondary markets, the analysis indicates that the mortgage-backed bond provides the best alternative.},