External Debt and Economic Reform : Does a Pain Reliever Delay the Necessary Treatment?

Does a Pain Reliever Delay the Necessary Treatment?

External Debt and Economic Reform : Does a Pain Reliever Delay the Necessary Treatment?
Recent literature argues that conflict in shifting adjustment costs between different socioeconomic groups delays necessary reforms and finds that such reforms often follow economic crises. This paper expands these models by including external borrowing by the private sector and shows that this may lead to a further delay in economic reform. READ MORE...

Publication date: March 2007
ISBN 9781451866148
$18.00

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