Debt Relief and Adjustment Incentives : A Theoretical Exploration

A Theoretical Exploration

Nopic
The purpose of this paper is to analyze the argument that debt relief would increase the incentive of a debtor country to make an adjustment effort (to invest) and that for this reason creditors may benefit by granting relief. It is shown that there are actually opposing incentive effects of debt relief and that the argument could be valid in... READ MORE...

Publication date: April 1988
ISBN 9781451977851
$10.00

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Publication date: April 1988

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