A Noteon Debt Reduction and Echonomic Efficiency.
This note examines the efficiency gains that might result from market-based debt reduction and alternative uses of resources. It is argued that when a country's expected output falls short of contractual claims on that output, private investment is drawn to activities that protect the investors...
| Autor Corporativo: | |
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1990.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 1990/036 |
| Assuntos: | |
| Acesso em linha: | Full text available on IMF |