A Debt Overhang Model for Low-Income Countries : Implications for Debt Relief

Implications for Debt Relief

A Debt Overhang Model for Low-Income Countries : Implications for Debt Relief
The paper presents a theoretical model to explain how debt overhang is generated in low-income countries and discusses its implications for debt relief. The paper indicates that the extent of debt overhang, and the effectiveness of debt relief, would depend on a recipient country's initial economic conditions and level of total factor... READ MORE...

Publication date: October 2006
ISBN 9781451864847
$18.00

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