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...

Ausführliche Beschreibung

Bibliographische Detailangaben
Körperschaft: International Monetary Fund
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1990.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1990/036
Schlagworte:
Online Zugang:Full text available on IMF