Debt Overhang, Debt Reduction and Investment : The Case of the Philippines

The Case of the Philippines

Nopic
While there is a substantial body of literature on the effects of "debt overhang" on investment in heavily-indebted countries, there is surprisingly little empirical work available on this subject. This paper tests the hypothesis that the stock of foreign debt acts as a disincentive to private investment in the specific case of the Philippines.... READ MORE...

Publication date: September 1990
ISBN 9781451956535
$10.00

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Publication date: September 1990

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