Debt relief and adjustment effort in a multi-period model

Economics Letters

Volumn 91, Issue 1, 2006, Pages 127-130

  Tengstam, Sven ^a  

^a UNIVERSITY OF GOTHENBURG   (Sweden)

Author keywords

Debt overhang; Debt relief; HIPC; Incentives; Investment

Indexed keywords

EID: 33645744873     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2005.11.009     Document Type: Article

References (8)

1. Arslanalp S., and Henry P.B. Helping the Poor to Help Themselves: Debt Relief or Aid, NBER Working Paper 10230 (2004)
2. Callier P. Debt relief and adjustment incentives in a financially open economy. IMF Staff Papers 36 2 (1989) 514-522
3. Cohen D. Low Investment and Large LDC Debt in the 1980s. American Economic Review 83 (1993) 437-449
4. Corden W.M. Debt relief and adjustment incentives. In: Frenkel J.A., Dooley M.P., and Wickham P. (Eds). Analytical Issues in Debt (1989), IMF, Washington 242-257
5. Helpman E. Voluntary debt reductions. Incentives and welfare. IMF Staff Papers 36 3 (1989) 580-611
6. Hofman B., and Reisen H. Debt Overhang, Liquidity Constraints and Adjustment Incentives, OECD Development Centre Working 32 (1990)
7. IMF, and IDA. Debt Sustainability in Low-Income Countries- Proposal for an Operational Framework and Policy Implications (2004). http://siteresources.worldbank.org/INTDEBTDEPT/PolicyPapers/20270815/debtSust-completepaper.pdf
8. Sachs J. The debt overhang of developing countries. In: Calvo G., Fidlay R., Kouri P., and de Macedo J.B. (Eds). Debt, Stabilization and Development. Essays in Honor of Carlos Dìaz-Alejandro (1989), Blackwell, London