Analyses of debt relief that focus on the behavior of debtors and existing creditors understate the incentives for … collective action by creditors. It is well known that debt relief could benefit existing creditors by providing incentives for …

This note provides an update on the status of Doha negotiations and an outlook on significant non-Doha trade issues …

This paper analyzes the factors determining the payment on outstanding debt in the presence of partial defaults, and … the present debt service, in exchange for investment in the proper sector. A way to partially overcome some of the …

This paper employs a dynamic bargaining-theoretic framework to analyze multilateral sovereign debt rescheduling … negotiations. The analysis illustrates how various factors, such as the debtor’s gains from trade and the level of world interest … rates, affect the relative bargaining power of various parties to a rescheduling agreement. If creditor–country taxpayers …

. 'Debt bias' (tax provisions favoring finance by debt rather than equity) has increased leverage in both the household and …Risks to macroeconomic stability posed by excessive private leverage are significantly amplified by tax distortions … extent of debt bias, including estimates for banks and non-bank financial institutions both before and after the global …

debt. Short-term risks to economic growth and the balance of payments have emerged because of the global financial crisis …