Voluntary Debt Reduction : Incentives and Welfare.
In an economy with a debt overhang, investment depends on expected tax rates. On the other hand, expected tax rates depend on the debt's face value. Therefore investment depends on the face value of debt. I show that this may lead to a positive or negative association between debt and investmen...
| Müşterek Yazar: | |
|---|---|
| Materyal Türü: | Dergi |
| Dil: | English |
| Baskı/Yayın Bilgisi: |
Washington, D.C. :
International Monetary Fund,
1988.
|
| Seri Bilgileri: | IMF Working Papers; Working Paper ;
No. 1988/084 |
| Online Erişim: | Full text available on IMF |
Search Result 1
Baskı/Yayın Bilgisi 1988
Full text available on IMF
Off-Campus Access: No User ID or Password Required
On-Campus Access: No User ID or Password Required
On-Campus Access: No User ID or Password Required
Dergi