CHART 3

INDICATIVE SECONDARY MARKET PRICES"

ALL IDR COUNTRIES (WEIGHTED AVERAGE)

Percentage of foos value

Percentage of face value

SELECTED MAJOR DEBTORS

8

70

60

8

50

لسيلليل

10

20

• ४ ४ 8

70

8

Chile

80

Mexico

40

Brazil

30

20

10

Argentina

n

1988

MAMJJA S ON D JE MANJJAS O N D J F M A

1986

1987

JJ ASON

1988

BID/ASK SPREADS

MAMJJAS ON D JF M A M J JASON D J F M A M J J ASON

1986

1987

t

Percentage pointe

2.5

N

1.5

-

0.5

کر

MAMJJA 3 ON D JF MAM

1986

JASOND J F M A M J J ASON

1987

(1) Source: Salomons, mid-point of bid-ask spread

1988

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