A Debt Overhang Model for Low-Income Countries: Implications for Debt Relief
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Summary:
The paper presents a theoretical model to explain how debt overhang is generated in low-income countries and discusses its implications for debt relief. The paper indicates that the extent of debt overhang, and the effectiveness of debt relief, would depend on a recipient country's initial economic conditions and level of total factor productivity.
Series:
Working Paper No. 2006/224
Subject:
Consumption Debt burden Debt relief Loans Total factor productivity
Frequency:
Annually
English
Publication Date:
October 1, 2006
ISBN/ISSN:
9781451864847/1018-5941
Stock No:
WPIEA2006224
Pages:
22
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