A debt overhang model for low-income countries

Junko Koeda

研究成果: Article

6 引用 (Scopus)

抜粋

This paper presents a theoretical model to explain how debt overhang is generated in low-income countries and discusses its implications for aid design and debt relief. It finds that the extent of debt overhang and the effectiveness of debt relief depend on a recipient country's initial economic conditions and level of total factor productivity.

元の言語English
ページ(範囲)654-678
ページ数25
ジャーナルIMF Staff Papers
55
発行部数4
DOI
出版物ステータスPublished - 2008 12
外部発表Yes

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ASJC Scopus subject areas

  • Finance
  • Accounting
  • Economics and Econometrics

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