To reveal effects and consequences of high indebtedness on income poverty, this paper explores empirically a linear and non-linear impact of external debt on pro-poor growth in developing and transitional countries. To examine this hypothesis, we test the distribution effect of external debt to...

The global debt crisis continues despite a number of efforts over the years to resolve it, and the purpose of this article is to assist in the campaign for debt relief by using international human rights law as basis for granting debt relief to debtor countries. The article begins with a brief...

In this study, we explore the relationship between the debt service ratio (DSR) and individual borrowers' ability to withstand shocks in Malaysia. Using a micro-level dataset that matches borrowers' debt and income, we quantify the financial resilience of individual borrowers and subsequently...

We examine the impact of overdue debts in small villages in one of Hungary's most disadvantaged regions. We find that a significant number of debtors with overdue debts permanently escape from debt collectors. Accordingly, in our sample, overdue debts reduce the likelihood of declared work by 14...