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...
| Körperschaft: | |
|---|---|
| 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 |