Title: A Debt Overhang Model for Low-Income Countries; Implications for Debt Relief
Abstract: The paper presents a theoretical model to explain how debt overhang is generated in low-income countries and discusses its implications for debt relief. The paper indicates that the extent of debt overhang, and the effectiveness of debt relief, would depend on a recipient country's initial economic conditions and level of total factor productivity.
Publication Year: 2006
Publication Date: 2006-10-01
Language: en
Type: preprint
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Cited By Count: 2
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