00611nam a2200085Ia 4500100002000000245005500020260000900075520042200084583001900506  aRogoff, Kenneth  aDealing with developing country debt in the 1990s.  c1992  aAnalyses 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.  c3/7/00kM2LMGR