00687nam a2200121Ia 450000500170000010000200001724500550003726000090009252004220010158300190052394200060054299900170054820260716043311.0 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 cA c44398d44398