04586oam 22013814 450 991096992250332120250426110549.0978661382117197814623437441462343740978145273298514527329819781282447981128244798X97814519093711451909373(CKB)3360000000443156(EBL)3014495(SSID)ssj0000939970(PQKBManifestationID)11563705(PQKBTitleCode)TC0000939970(PQKBWorkID)10938240(PQKB)10849220(OCoLC)388444846(MiAaPQ)EBC3014495(IMF)WPIEE2006224(IMF)WPIEA2006224WPIEA2006224(EXLCZ)99336000000044315620020129d2006 uf 0engur|n|---|||||txtccrA Debt Overhang Model for Low-Income Countries : Implications for Debt Relief /Junko Koeda1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (24 p.)IMF Working PapersDescription based upon print version of record.9781451864847 1451864841 Includes bibliographical references.""Contents""; ""I. Introduction""; ""II. Theoretical Literature""; ""III. Empirical Motivation""; ""IV. The Model""; ""V. Implications for Debt Relief""; ""VI. Conclusions""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.IMF Working Papers; Working Paper ;No. 2006/224Debt reliefDebtBanksimfCapacityimfCapital and Total Factor ProductivityimfConsumptionimfCostimfDebt burdenimfDebt ManagementimfDebt reliefimfDebtimfDebts, ExternalimfDepository InstitutionsimfEconomicsimfExports and ImportsimfFinanceimfFinancial Risk ManagementimfIndustrial productivityimfIndustries: Financial ServicesimfInternational economicsimfInternational Lending and Debt ProblemsimfLoansimfMacroeconomicsimfMacroeconomics: ConsumptionimfMicro Finance InstitutionsimfMortgagesimfProduction and Operations ManagementimfProductionimfSavingimfSovereign DebtimfTotal factor productivityimfWealthimfDebt relief.Debt.BanksCapacityCapital and Total Factor ProductivityConsumptionCostDebt burdenDebt ManagementDebt reliefDebtDebts, ExternalDepository InstitutionsEconomicsExports and ImportsFinanceFinancial Risk ManagementIndustrial productivityIndustries: Financial ServicesInternational economicsInternational Lending and Debt ProblemsLoansMacroeconomicsMacroeconomics: ConsumptionMicro Finance InstitutionsMortgagesProduction and Operations ManagementProductionSavingSovereign DebtTotal factor productivityWealthKoeda Junko888389International Monetary Fund.DcWaIMFBOOK9910969922503321A Debt Overhang Model for Low-Income Countries4372626UNINA