Green, Keith (2005): The fragile panacea of debt relief for developing countries.
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The subject of debt relief for low income and highly indebted countries has risen to the fore of public debate in recent months. I review a brief history of major debt relief for low-income countries including the recent HIPC initiative and I discuss some factors that should be taken into consideration that would impact the usefulness of debt forgiveness on the affected countries. Finally, I conclude that debt relief is effective only in certain circumstances and needs to be applied with care.
|Item Type:||MPRA Paper|
|Original Title:||The fragile panacea of debt relief for developing countries|
|Keywords:||debt relief; low-income countries; HIPC|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
H - Public Economics > H6 - National Budget, Deficit, and Debt > H63 - Debt; Debt Management; Sovereign Debt
|Depositing User:||Keith Green|
|Date Deposited:||26. Oct 2009 14:11|
|Last Modified:||17. Feb 2013 17:49|
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