Debt Overhang, Debt Reduction and Investment : The Case of the Philippines.
While there is a substantial body of literature on the effects of 'debt overhang' on investment in heavily-indebted countries, there is surprisingly little empirical work available on this subject. This paper tests the hypothesis that the stock of foreign debt acts as a disincentive to pri...
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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1990.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 1990/077 |
| 在線閱讀: | Full text available on IMF |