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    Debt Reduction and Economic Activity
    Unavailable
    Debt Reduction and Economic Activity
    Unavailable
    Debt Reduction and Economic Activity
    Ebook118 pages1 hour

    Debt Reduction and Economic Activity

    By International Monetary Fund

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    This paper analyzes the effect of debt and debt-service reduction on the contractual and market values of a country’s debt. It is argued that in a voluntary framework, the present, or cash, value of resources offered to creditors in exchange for debt is the basic determinant of the amount of debt or debt-service reduction that can be attained. The argument is illustrated by demonstrating the equivalence in a simple framework of five commonly discussed debt- and debt-service-reduction techniques. The IMF staff’s preliminary attempts to quantify the macroeconomic effects of debt and debt-service reduction are also described.

    LanguageEnglish
    PublisherINTERNATIONAL MONETARY FUND
    Release dateMar 19, 1990
    ISBN9781462351596
    Unavailable
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