A Debt Overhang Model for Low-Income Countries

被引：4
|
作者：
Koeda, Junko
机构：
来源：
IMF STAFF PAPERS | 2008年 / 55卷 / 04期
关键词：
D O I：
10.1057/imfsp.2008.13
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
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.
引用
收藏
页码：654 / 678
页数：25
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