This paper studies the impact of a large debt relief program, intended to attenuate investment constraints among highly …-indebted households in rural India. It isolates the causal effect of bankruptcy-like debt relief settlements using a natural experiment … arising from India's Debt Relief Program for Small and Marginal Farmers -- one of the largest debt relief initiatives in …

choosing suitable currency for denomination of foreign debt. The selection of explanatory variables for exchange rate … synchronization, and interest rate synchronization can be useful indicators for decisions on the currency denomination of foreign debt. …

Despite the popularity of the term among advocates of debt forgiveness, there is little agreement on a workable … issues of concern underlying the concept of odious or illegitimate debt. The authors make the case for focusing attention on …

sovereign debt, and discusses some issues inherent in these approaches. The analysis mainly focuses on the correlations of … domestic fundamentals with the actual versus equilibrium exchange rate in light of the long-term perspective of a debt manager …

econometric evidence showing that volatility of expenditure was increased by debt overhang problems. Moreover, they also find …

This paper analyzes the recent growth of government domestic debt, including central bank debt, using a new data base … on government domestic debt in developing countries with large, open financial systems. On average, government domestic … debt grew much faster than GDP between 1994 and 2004 and became larger than foreign debt. The rapid growth of domestic debt …

The authors apply stochastic simulation methods to assess debt sustainability in emerging market economies and provide … probability measures for projections of the external and public debt burden over the medium term. The vulnerability of public debt … debt is sensitive to the determination of the exchange rate and to the pricing of traded goods. The authors show that …

Previous research has documented weak, and sometimes conflicting, effects of legal quality on measures of firm debt … denomination of debt. The authors discuss several mechanisms by which firms can avoid the costs of poor legal systems with foreign …