Rogoff, Kenneth <br/><br/>
Dealing with developing country debt in the 1990s. 

 -  1992 
<br/><br/> 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.