Sovereign Debt : A Survey of Some Theoretical and Policy Issues

A Survey of Some Theoretical and Policy Issues

Sovereign Debt : A Survey of Some Theoretical and Policy Issues
This paper surveys the literature on sovereign debt that deals with the issues of a country's ability-to-pay, its willingness-to-pay, and the policy responses to the debt crisis of the 1980s. The existence of an ability-to-pay problem suggests a need for debt reduction, but plans for debt relief face potential incentive problems, and sovereign... READ MORE...

Publication date: July 1993
ISBN 9781451968170
$15.00

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