A Debt Overhang Model for Low-Income Countries

This paper presents a theoretical model to explain how debt overhang is generated in low-income countries and discusses its implications for aid design and debt relief. It finds that the extent of debt overhang and the effectiveness of debt relief depend on a recipient country’s initial economic conditions and level of total factor productivity. IMF Staff Papers (2008) 55, 654–678. doi:10.1057/imfsp.2008.13; published online 10 June 2008

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Year of publication:	2008
Authors:	Koeda, Junko
Published in:	IMF Staff Papers. - Palgrave Macmillan, ISSN 1020-7635. - Vol. 55.2008, 4, p. 654-678
Publisher:	Palgrave Macmillan

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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