Is Dept Relief in the Interests of Creditors?
This paper considers a number of reasons-in addition to the 'incentives' argument-why debt relief could be to the advantage of creditors collectively. Principal reasons analyzed are based on the 'investment-capacity' and the 'default-forestalling' arguments. Debt relief...
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| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
1988.
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| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 1988/072 |
| Online Zugang: | Full text available on IMF |