000 00687nam a2200121Ia 4500
005 20260716043311.0
100 _aRogoff, Kenneth
245 _aDealing with developing country debt in the 1990s.
260 _c1992
520 _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.
583 _c3/7/00
_kM2LMGR
942 _cA
999 _c44398
_d44398