How did highly indebted poor countries become highly indebted? : reviewing two decades of debt relief (English)

How did highly indebted poor countries become highly indebted after two decades of debt relief efforts? A set of theoretical models predict that countries with unchanged long-run savings preferences will respond to debt relief with a mixture of asset decumulation and new borrowing. A model also predicts that a high-discount-rate government will choose poor policies and impose its inter-temporal preferences on the entire economy. Reviewing the experience...

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Author

Easterly,William R.;
Document Date
1999/11/30
Document Type
Policy Research Working Paper
Report Number
WPS2225
Volume No
1
Total Volume(s)
1
Disclosure Date
2010/07/01
Doc Name
How did highly indebted poor countries become highly indebted? : reviewing two decades of debt relief
Keywords
debt relief

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Easterly,William R..

How did highly indebted poor countries become highly indebted? : reviewing two decades of debt relief (English). Policy, Research working paper ; no. WPS 2225 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/232501468739141596

How did highly indebted poor countries become highly indebted? : reviewing two decades of debt relief (English)

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