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Dealing with developing country debt in the 1990s.

By:

Rogoff, Kenneth

Material type: Text

TextPublication details: 1992Action note:

3/7/00 M2LMGR

Summary: 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.

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Item type	Current library	Status	Barcode
Analytic	CARICOM Documentation Centre	Available	0000000015077

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.

3/7/00 M2LMGR

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