Estimating the Efficiency Gains of Debt Restructuring

Released on by Jeremy Bulow
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  • Estimating the Efficiency Gains of Debt Restructuring Book Detail

  • Author : Jeremy Bulow
  • Release Date : 1994
  • Publisher : World Bank Publications
  • Genre : Debt relief
  • Pages : 36
  • ISBN 13 :
  • File Size : 88,88 MB
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Estimating the Efficiency Gains of Debt Restructuring by Jeremy Bulow PDF Summary

Book Description: The debt- overhang disincentive may not be as important as the broader problem of debtors' credit constraints in international capital markets. For severely indebted low- income countries, the best strategy is probably to replace nonconcessional debt with new concessional loans.

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