Dealing with developing country debt in the 1990s.
Rogoff, Kenneth
Dealing with developing country debt in the 1990s. - 1992
Analyses the issue of whether a debt overhang dampens initiatives for investment and leads debtors to channel more resources than otherwise into consumption. Highlights the 1988 Bolivian debt buyback to show that market-based buybacks result in countries being forced to pay average debt prices to retire marginal debt. Considers whether the Brady Plan may have more to offer than more limited market-based schemes.
Dealing with developing country debt in the 1990s. - 1992
Analyses the issue of whether a debt overhang dampens initiatives for investment and leads debtors to channel more resources than otherwise into consumption. Highlights the 1988 Bolivian debt buyback to show that market-based buybacks result in countries being forced to pay average debt prices to retire marginal debt. Considers whether the Brady Plan may have more to offer than more limited market-based schemes.