A debt overhang model for low-income countries
Subtitle: implications for debt relief
By: Prepared by Junko Koeda.
Contributors: International Monetary Fund. Finance Dept.
Series: IMF working paper -- WP/06/224
Publisher: International Monetary Fund
Published: 2006
Place of publication: Washington, D.C
Language: eng
Number of pages: 22
Subjects: Debt relief -- Developing countries; Debts, External -- Developing countries
Description: 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."
Notes: Caption title.

"October 2006."

Includes bibliographical references (p. 15-17).

Also available on the World Wide Web.