1.

Record Nr.

UNINA9910788523703321

Autore

Koeda Junko

Titolo

A Debt Overhang Model for Low-Income Countries : : Implications for Debt Relief / / Junko Koeda

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

1-4623-4374-0

1-4527-3298-1

1-282-44798-X

9786613821171

1-4519-0937-3

Descrizione fisica

1 online resource (24 p.)

Collana

IMF Working Papers

Soggetti

Debt relief

Debt

Exports and Imports

Financial Risk Management

Macroeconomics

Industries: Financial Services

Production and Operations Management

Debt Management

Sovereign Debt

International Lending and Debt Problems

Production

Cost

Capital and Total Factor Productivity

Capacity

Macroeconomics: Consumption

Saving

Wealth

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Finance

International economics

Debt burden

Total factor productivity

Consumption



Loans

Debts, External

Industrial productivity

Economics

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I.     Introduction""; ""II.    Theoretical Literature""; ""III.    Empirical Motivation""; ""IV.    The Model""; ""V.    Implications for Debt Relief""; ""VI.    Conclusions""

Sommario/riassunto

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.