TY  - BOOK
AU  - Rogoff, Kenneth
TI  - Dealing with developing country debt in the 1990s
PY  - 1992///
N2  - 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
ER  -