Sovereign Debt Relief Schemes and Welfare /
This paper shows that concerted debt reduction may be welfare-improving even when the investment disincentive effect of a debt overhang is not large enough to place the debtor country on the wrong side of the debt Laffer curve. Whether the appropriate relief scheme involves debt reduction or new mon...
| Главный автор: | |
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
1992.
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| Серии: | IMF Working Papers; Working Paper ;
No. 1992/025 |
| Online-ссылка: | Full text available on IMF |