1.

Record Nr.

UNINA9910969922503321

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

9786613821171

9781462343744

1462343740

9781452732985

1452732981

9781282447981

128244798X

9781451909371

1451909373

Edizione

[1st ed.]

Descrizione fisica

1 online resource (24 p.)

Collana

IMF Working Papers

Soggetti

Debt relief

Debt

Banks

Capacity

Capital and Total Factor Productivity

Consumption

Cost

Debt burden

Debt Management

Debts, External

Depository Institutions

Economics

Exports and Imports

Finance

Financial Risk Management

Industrial productivity

Industries: Financial Services

International economics

International Lending and Debt Problems

Loans

Macroeconomics

Macroeconomics: Consumption



Micro Finance Institutions

Mortgages

Production and Operations Management

Production

Saving

Sovereign Debt

Total factor productivity

Wealth

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.